Fusion Fuel, a Portuguese startup, has secured new funding from the Recovery and Resilience Plan (PRR) under component C-5 – Capitalization and Business Innovation for the construction of a decentralised green hydrogen production facility in Elvas with a 1 MW electrolysis capacity.
This project, created in collaboration with Galp, will comprise a hydrogen fueling station in the Alentejo town that borders Spain and is estimated to produce up to 400 kilogramme of hydrogen each day.
The production of green hydrogen and subsequent compression of this sustainable gas required by Fusion Fuel’s involvement in the project is anticipated to cost about 7.2 million euros in capital expenditures, the business stated in a statement.
The newly announced PRR support is a component of a larger funding package credited to the “Moving2Neutrality Alliance” consortium, which consists of 13 partner companies and is headed by Petrogal, a Galp Group subsidiary. This consortium aims to “decarbonize commercial and industrial mobility through the development of hubs production of sustainable fuels in Sines and other strategic locations in Portugal.”
Elvas, a border town between Portugal and Spain, will be the site of the project’s development. The facility’s electrolysis capacity will be 1 Megawatt, and it can generate up to 400 kg of green hydrogen daily.
After receiving a first envelope of 36 million euros from the PRR as part of the partnership known as the “Sines Green Hydrogen Valley Alliance,” Fusion Fuel has now secured a second subsidy of 3.6 million euros from the PRR.
