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Fusion Fuel announces €2-MM tech sale contract with KEME Energy for green H2 project

Fusion Fuel announced that it has entered into a technology sale agreement with KEME Energy to supply its solar-to-H2 system for a 1.22-MW green H2 project located in Sines, Portugal. The two companies had previously announced the execution of a collaboration agreement this past February.

The project, which secured a €2.4-MM grant from Portugal’s POSEUR program in late 2021, will be developed in ZILS, the Sines Industrial and Logistics Zone, and will consist of 62 HEVO-Solar trackers that will generate an estimated 77 tpy of green H2. The H2 produced is expected to help meet local demand from customers in the nascent H2 mobility sector. Fusion Fuel expects to begin construction of the facility early next year and achieve commercial operation in the second half of 2023.

"This project is the starting point of our green hydrogen strategy in Portugal. We believe that green hydrogen will be fundamental to replace fossil fuels in industrial processes, heavy transport and critical energy backup services like data centers. Fusion Fuel’s decentralized HEVO-Solar technology is the most efficient in the market and its purpose-built approach allows us to scale into market demand over time,” said Miguel Matias, CEO of KEME Energy.

“It is important to understand that in contrast to fossil fuels that must be extracted from specific regions, the green hydrogen production project we are implementing can be replicated almost anywhere in the world, wherever the sun shines. The energy independence that green hydrogen offers is critical for Portugal and Europe. KEME is at the forefront of this new energy value chain being created and we look forward to developing more projects with Fusion Fuel in the future."

Pedro Caçorino Dias, Fusion Fuel’s Head of Commercial for Portugal said, “We are thrilled to announce the execution of this €2-MM technology sale contract with KEME Energy, expanding our commercial footprint in the Sines region and building on our market-leading position in Portugal. It also spotlights the continued rollout of our mobility backbone for the Iberian market, a critical pillar of our commercial strategy. Coming on the heels of the €5-MM Gedisol tech sale announcement last week, we are seeing the maturation of our project pipeline as we begin to execute on our commercial objectives. We hope this will be the first of several projects we develop alongside KEME and look forward to producing green hydrogen in Sines in 2023.”