Fusion Fuel Receives Purchase Order for 1,25 MW HEVO-Chain Electrolyzer.
Fusion Fuel (NASDAQ: HTOO) announced today that it has entered into a sales contract for a 1.25 MW HEVO-Chain Series NC electrolyzer. The system will employ Fusion Fuel’s plug-and-play HEVO™ technology, which uses modular building blocks to design green hydrogen solutions tailored to individual customer needs.
The electrolyzer system will be deployed to a co-located hydrogen refuelling station, which was awarded project funding by the European Commission through Component 14 of Portugal’s Recovery and Resilience Plan. The facility, which aims to produce, store, and distribute green hydrogen for the light and heavy transport sector, is expected to be fully installed and operational before the end of 2024.
Frederico Figueira de Chaves, CEO of Fusion Fuel, stated:
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We are very excited to have entered into another contract for our megawatt-class HEVO-Chain solution, our second such agreement this month.
“We continue to execute on our strategy of prioritizing small-to-midscale tech sale opportunities that we can deliver in the intermediate term. This is a segment of the market where we have a track record of successful execution, that is less capital intensive and doesn’t require on-balance sheet financing. We believe this will be a winning proposition for us, particularly as the green hydrogen market continues to mature, and we continue to see strong interest in our HEVO-Chain series of products.”
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Fusion Fuel Receives Purchase Order for 1,25 MW HEVO-Chain Electrolyzer. source
