Fusion Fuel Green rises on provisional approval for grant funds

Fusion Fuel Green

20/03/2024 09:35

** Shares of Fusion Fuel Green  HTOO.O  up 2.5% at $1.64 in
premarket trading
    ** Co receives provisional approval from Portuguese
government for about 5 mln euros ($5.4 mn) in grant funding for
development of a green hydrogen project in Aveiro
    ** Grant part of second funding call of Component 14 grant
program aimed to accelerate energy transition
    ** Co's HEVO-Aveiro project aims to develop a 25 MW green
hydrogen facility that would produce about 2,100 tonnes of green
hydrogen per annum to be used by local ceramic industry
    ** As of last close, HTOO up 42.9% YTD    

($1 = 0.9225 euros)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))