Fusion Fuel has signed a ten year offtake contract with European developer Hydrogen Ventures for thirty tonnes of green hydrogen per annum.
First orders are expected to be delivered in the fourth quarter of 2023. The company’s initiatives in Evora, Portugal, where Fusion Fuel is increasing manufacturing capacity to about 50 tonnes annually by year’s end, will be where the hydrogen is created.
Hydrogen Ventures, which is developing a pipeline of green hydrogen projects and entering into supply contracts with local industrial and municipal customers, expects to use the hydrogen for mobility applications in Portugal.
This agreement, which is Fusion Fuel’s second hydrogen purchase agreement in Portugal to date, will give the developing hydrogen ecosystem long-term stability and price security, which is a crucial step towards building a more robust and competitive market for green hydrogen.