Green hydrogen firm Fusion Fuel rises on JV for production facility
28/11/2022 12:25
** Hydrogen production technology company Fusion Fuel
HTOO.O shares rise 7.5% to $4.99 premarket
** Company enters agreement with Electus Energy to develop
green hydrogen production facility in California urn:newsml:reuters.com:*:nFWN32N049
** Green hydrogen is made from water by electrolysis using
renewable wind and solar power
** ~75 MW solar-to-hydrogen facility will use Fusion Fuel's
HEVO technology
** Project will require est $180 mln, with final investment
decision expected in early 2024 and commissioning in H1 of 2025
- HTOO
** Company's shares down ~44% this year as of last close
(Reporting by Mrinalika Roy in Bengaluru)
((mrinalika.roy@thomsonreuters.com))
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