Fusion Fuel has received provisional approval from the Portuguese government for an estimated €5 MM in grant funding to support the development of a 25-MW green H₂ project located in Aveiro, Portugal. The grant approval was awarded as part of the second funding call of the Component 14 (C-14) grant program which is focused on accelerating the energy transition by supporting the production of H₂ and other renewable gases. The company is also involved in a second submission for a 10 MW green H₂ project, led by a Portuguese industrial company, which has also received funding approval. In total, there were 21 proposals that received provisional approval through the C-14 program.

Fusion Fuel’s HEVO-Aveiro project envisions a 25-MW green H₂ facility using the company’s proprietary HEVO-Chain technology along with associated balance of plant equipment. The plant would produce an estimated 2,100 tpy of green H₂, which is expected to be used for industrial process heat by the local ceramic industry in Aveiro, Portugal.

Pedro Caçorino Dias, Fusion Fuel’s Head of Commercial for Portugal said, “Fusion Fuel continues to be recognized as a leader in the Portuguese green H₂ industry. This marks the second such award Fusion Fuel has received through C-14 program, having previously secured €10 MM in grant funding for our HEVO-Industria project in Sines, Portugal. Furthermore, we can also share that our HEVO-Aveiro project earned the highest assessment among all H₂ projects submitted to the funding call, which is a testament to the exceptional talent of our front-end design team and the strength of our overall value proposition. We see decarbonizing high-heat industrial processes as a very attractive use-case for green H₂, particularly for a low-pressure system like our HEVO-Chain solution. In addition to H₂ mobility, process heat is a segment of the market which we expect will drive significant growth while the broader H₂ opportunity matures.”