Fusion Fuel has signed a 10-yr offtake contract with European developer Hydrogen Ventures Ltd for 30 tpy of green H₂. First orders are expected to be delivered in the fourth quarter of 2023. The H₂ will be produced at the company’s projects in Evora, Portugal, where Fusion Fuel is expanding its production capacity to roughly 50 tpy by year end.

Hydrogen Ventures, which is developing a pipeline of green H₂ projects and entering supply contracts with local industrial and municipal customers, expects to use the H₂ for mobility applications in Portugal. This contract represents Fusion Fuel’s second H₂ purchase agreement in Portugal to date, providing long-term stability and price security to the nascent H₂ ecosystem: a critical step forward in the creation of a more robust and competitive market for green H₂.

Pedro Caçorino Dias, Fusion Fuel’s Head of Portugal, said, “We are very excited to announce the execution of this H₂ purchase agreement with Hydrogen Ventures, the second such contract we have entered into so far this year. With our decentralized, distributed approach to H₂ production, and robust project pipeline in Portugal, Fusion Fuel is well positioned to make green H₂ accessible to a wide range of stakeholders, particularly for some of the more emergent applications – like mobility – that ascribe the highest value for green H₂ today. We look forward to partnering with Hydrogen Ventures on this project and others to come as this market continues to develop.”

Horacio Carvalho, CEO of Hydrogen Ventures, said, “We see green H₂ as a game-changer in the battle to combat climate change. Together with Fusion Fuel, we are putting in place a series of measures to connect the green H₂ producer and the 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. It is a golden opportunity to be part of an international movement, taking direct action to provide sustainable alternatives to fossil fuels. Hydrogen Ventures is taking this challenge head-on and is working globally on similar projects with companies like Fusion Fuel to mitigate the impact of greenhouse gases on our planet.”