Industry News

Fusion Fuel Signs 10-Year Hydrogen offtake Contract with Hydrogen Ventures

by | Mar 30, 2023

Fusion Fuel has announced that it has signed a ten-year agreement with Hydrogen Ventures to provide 30 tonnes of green hydrogen annually. The hydrogen will be generated at Fusion Fuel’s H2Évora demonstration project, the first fully integrated solar-to-green hydrogen plant in Portugal, with a capacity of producing 15 tonnes of green hydrogen per year.

Pedro Caçorino Dias, Fusion Fuel’s Head of Portugal, said:

“We are very excited to announce the execution of this hydrogen purchase agreement with Hydrogen Ventures, the second such contract we have entered into so far this year.

“With our decentralised, distributed approach to hydrogen production and robust project pipeline in Portugal, Fusion Fuel is well positioned to make green hydrogen accessible to a wide range of stakeholders, particularly for some of the more emergent applications – like mobility – that ascribe the highest value for green hydrogen today.”

The hydrogen is expected to be delivered by Q4 2023, while the production capacity will increase to around 50 tonnes per year by the end of 2023. Hydrogen Ventures intends to develop a pipeline of green hydrogen projects and to enter into supply contracts with local industrial and municipal customers.

The delivered hydrogen will be utilised for mobility applications in Portugal.

Horacio Carvalho, CEO of Hydrogen Ventures, said, “Together with Fusion Fuel, we are putting in place a series of measures to connect the green hydrogen producer and consumer.

“Our goal is to establish a robust, national logistics infrastructure that takes its place in the green energy mix that Portugal will need to meet its Net Zero commitments.”

Pin It on Pinterest