Fusion Fuel Green jumps on receiving IPCEI approval for Portugal project

Fusion Fuel Green

16/02/2024 12:03

** Shares of Fusion Fuel Green PLC  HTOO.O  more than
doubles to $2.70 premarket
    ** Co receives IPCEI approval from European Commission for
630 MW Hevo-Portugal project
    ** The 650 million-euro, 630-MW project is to be developed
in Sines, Portugal and would produce 62,000 tonnes of green
hydrogen per annum
    ** The IPCEI approval positions Fusion Fuel and its partners
to commence funding negotiations with the relevant government
stakeholders, as well as with the European Investment Bank - Co
    ** YTD, stock is up ~7.1%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))