Fusion Fuel has submitted three projects to the H2 Pioneers II program, the second such funding call for innovative green H₂ projects within the framework of the Spanish Recovery, Transformation and Resilience Plan (PERTE). H2 Pioneers II has been allocated €150 MM to support the implementation of innovative projects that combine the production and local consumption of renewable H₂, for hard-to-abate sectors like industry and heavy mobility. Fusion Fuel had previously been awarded €3.3 MM in grant funding in the inaugural H2 Pioneers funding call earlier this year.

The three projects, which have a cumulative electrolysis capacity of approximately 13 MW, would be powered by Fusion Fuel’s cutting-edge HC-Series NC technology, the company’s modular centralized PEM electrolyzer. Fusion Fuel has secured offtake and power purchase agreements for all three projects, which would produce more than 1,500 tpy of green H₂. The company has requested €24.7 MM in subsidies across the three projects.

Javier Esteban, CEO of Fusion Fuel Spain, said, “I am thrilled to announce the submission of these three pioneering projects to the PERTE funding call in Spain, initiatives that reflect our unwavering commitment to leading the energy transition. With the support of our partners and our market leading green H₂ technology, we can turn these ambitious ideas into transformative projects, paving the way for meaningful progress in Spain and beyond.”

Frederico Chaves, CEO of Fusion Fuel, said, “These project submissions are a continuation of a commercial strategy we have employed very successfully since our inception, one which has resulted in Fusion Fuel capturing over €60 MM in grant funding for our own green H₂ projects. Having secured both H₂ offtake and power purchase agreements for these opportunities, and with the potential for significant subsidies through PERTE, we are confident that these projects will prove to be highly saleable development assets that will help us achieve our 2024 revenue targets and serve as important proof points for the applicability of our HEVO-Chain technology for industrial decarbonization.”