Fusion Fuel climbs on signing hydrogen offtake deal

Fusion Fuel Green

28/03/2023 11:49

** Shares of Fusion Fuel Green PLC  HTOO.O  rise 4% to $2.59
premarket 
    ** Says it has signed a ten-year offtake contract with
European developer Hydrogen Ventures Ltd for thirty tonnes of
green hydrogen per annum 
    ** Says first orders are expected to be delivered in the
fourth quarter of 2023
    ** Co adds hydrogen will be produced at its projects in
Evora, Portugal, where it is expanding its production capacity
to roughly 50 tonnes per annum by year-end
    ** HTOO stock is down 46.5% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))