Fusion Fuel Receives €1 Million Grant from European Innovation Fund for Alentejo Green Hydrogen Valley through H2tALENT Consortium
Summary
SABUGO, Portugal, March 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQ: HTOO) (the Company) announced today that it has received approval for a 1.015 million grant from the European Innovation Funds Horizon Europe Programme. Furthermore, Fusion Fuels production facility in Benavente, within the Alentejo region, is strategically located to supply electrolyzer technology to the hydrogen ecosystem envisioned by the H2tALENT consortium. The grant funds awarded will go towards automation equipment for the Companys Evora demonstration facility, along with engineering work for the Sines I project.Pedro Ca\xe7orino Dias, Fusion Fuels Head of Commercial for Portugal, commented, We are thrilled to receive this grant from the European Innovation Funds Horizon Europe Programme, which highlights our commitment to advancing the green hydrogen economy within the Alentejo region. It is an honor to have been selected by the University of Evora last year to join the H2tALENT consortium, which has enabled us to collaborate with leading players within the hydrogen ecosystem across Europe. This grant will propel our efforts in Evora and Sines, further solidifying our position as a key player in the transition towards a sustainable energy future.Fusion Fuel is rapidly emerging as a leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions.