Portuguese-based Fusion Fuel is once again taking the lead in the green hydrogen revolution, this time submitting three innovative projects to Spain’s H2 Pioneers II programme for crucial funding.
As the second phase of funding under the Spanish Recovery, Transformation and Resilience Plan (PERTE), H2 Pioneers II holds the potential to propel Spain’s transition to sustainable energy sources, with €150 million ($163 million) earmarked to fuel groundbreaking hydrogen projects that combine renewable hydrogen production with local consumption.
The H2 Pioneers II programme has set the stage for pioneering advancements in the realm of green hydrogen. This initiative, backed by significant financial resources, aims to cultivate the production and utilization of renewable hydrogen, laying the foundation for a cleaner and more sustainable energy landscape. With its commitment to driving the energy transition, Fusion Fuel has taken the opportunity to submit three trailblazing projects that leverage the power of its HC-Series technology.
Fusion Fuel’s proposed projects encompass a cumulative electrolysis capacity of approximately 13MW. The company’s approach centers on deploying its HC-Series technology, characterized by modular centralized proton exchange membrane (PEM) electrolysis units. This cutting-edge technology offers an efficient and scalable solution for producing green hydrogen, setting the stage for transformative change in Spain’s energy infrastructure.
With a bold vision for the future, Fusion Fuel is seeking €24.7 million ($26.8 million) in subsidies across the three projects. This financial support would fuel the deployment of Fusion Fuel’s innovative technology, allowing the projects to flourish and produce over 1,500 tonnes of green hydrogen annually. Notably, the company has secured offtake agreements and power purchase agreements (PPAs) for all three projects, underlining the viability and attractiveness of its initiatives.
Javier Esteban, CEO of Fusion Fuel Spain, expressed his enthusiasm for the projects, highlighting their alignment with the company’s commitment to spearheading the energy transition. Frederico Chaves, CEO of Fusion Fuel, further emphasized the strategic success the company has achieved in securing grant funding, having already captured over €60 million ($65 million) for its green hydrogen projects.
Fusion Fuel’s journey towards transforming Spain’s energy landscape began earlier this year, when the company received €3.3 million ($3.6 million) from the first round of the H2 Pioneros programme. This initial success laid the foundation for the company’s current endeavors and reflects its commitment to driving innovation and change.
As Fusion Fuel takes center stage in Spain’s green hydrogen revolution, it sets a precedent for sustainable energy initiatives that hold the potential to reshape the nation’s energy future. The company’s ambitious projects, fueled by innovative technology and unwavering commitment, underscore the pivotal role of green hydrogen in achieving a cleaner and more sustainable world.