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Fusion Fuel Welcomes Prime Minister of Portugal António Costa to Benavente Electrolyzer Facility
Jan 11, 2023 4:30 AM EST
https://ir.fusion-fuel.eu/news-releases/news-release-details/fusion-fuel-welcomes-prime-minister-portugal-antonio-costa
Visit follows approval of €36 million grant for Fusion Fuel’s Sines Green Hydrogen Valley Alliance through Component 5 of Portugal’s National Recovery and Resilience Plan; included tour of PEM electrolyzer factory and ceremonial declaration of grant approval
SABUGO, Portugal, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel (NASDAQ: HTOO) announced today that the company welcomed a delegation including Prime Minister António Costa, Mayor of Benavente, Carlos Coutinho, Secretary of State for the Economy, Pedro Cilínio, and Secretary of State for Energy and Climate, Ana Fontoura Gouveia, along with representatives from the Portuguese Agency for Competitiveness and Innovation, I.P. (‘IAPMEI’) and the Municipality of Sines to its Benavente electrolyzer factory yesterday morning. The site visit was part of a country-wide tour of the fifty-one consortia that were approved for financing through Component 5 (“C-05”) of Portugal’s National Recovery and Resilience Plan. The company had previously announced that its consortium, the Sines Green Hydrogen Valley Alliance, had been approved for €36 million in C-05 funding late last year. Several consortium members were also in attendance.
The visit began with a tour of the Benavente facility and HEVO micro-electrolyzer production lines led by members of Fusion Fuel’s executive team – Andre Antunes, Jaime Silva, and Frederico Figueira de Chaves. This was followed by an institutional event for the Sines Green Hydrogen Valley Alliance, which featured speeches by Fusion Fuel’s Pedro Caçorino Dias, Portugal’s Secretary of State for the Economy, Pedro Cilínio, and Portugal’s Prime Minister, António Costa. The event concluded with a ceremony formally recognizing the approval of the Sines Green Hydrogen Valley Alliance for C-05 funding.
Prime Minister António Costa speaks with reporters at Fusion Fuel's PEM electrolyzer factory in Benavente, Portugal
Pedro Caçorino Dias, Fusion Fuel’s Head of Portugal, who leads the consortium, commented on the visit: “It was a great honor to welcome the Prime Minister and members of his cabinet to our world-class electrolyzer factory in Benavente and introduce the groundbreaking work underway here. Our HEVO micro-electrolyzer technology lies at the heart of our differentiated offering, enabling us to build a market-leading position in Portugal. While we are moving quickly to establish a footprint in strategic markets worldwide, Portugal remains a core market and we remain committed to championing Portugal’s green hydrogen ambitions. Including the most recent C-05 award, Fusion Fuel has now secured over €55 million in grants from the Portuguese government across several funding programs, a powerful representation of Portugal’s commitment to establishing itself as a global leader in the new energy economy. We want to take this opportunity to recognize our partners in the consortium and everyone who contributed to this important milestone.”
Reflecting on the visit, Prime Minister António Costa spoke following the ceremony: “The national economy continues to develop with a bet on reindustrialization and this example, of Fusion Fuel, is an excellent example of reindustrialization of the country. We have here a facility that was closed ten years ago and that today is in activity; that once produced metallic structures for civil construction and now produces highly innovative technology for the production of green hydrogen. It will create new jobs and in itself produce a new value chain. Moreover, it also contributes to CO2 emission reductions.”
“The C-05 Agendas do not ‘only’ value the energy component, nor ‘only’ the environmental component. This is a true catalyst for the creation of qualified jobs and for a true reindustrialization of the country. All of the main components of this project are produced nationally: they are the result of national research, have national patents, and meet another fundamental objective, which is to promote our export capacity based on our major competitiveness advantage, which is our ability to innovate.”
“The most challenging program in the Recovery and Resilience Plan (‘RRP’) is the Mobilizing Agendas, which shows that it is possible to do more and better for the growth of our economy. The RRP funds are reaching companies and there are already 93,000 projects approved. Fusion Fuel, which I visited here today in Benavente, is one of the 93,000 approved projects. And this is an excellent example of the application of RRP funds aimed at capitalization and business innovation. This is how we realize the ambition of being a more developed, more prosperous, more fair country, capable of creating more and better jobs and capable of strengthening territorial cohesion.”
About Fusion Fuel
Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel has created a modular, integrated solar-to-hydrogen generator, powered by a proprietary miniaturized PEM electrolyzer, that enables off-grid production of green hydrogen. Its business lines include the sale of electrolyzer technology to customers interested in building their own green hydrogen production, the development of turnkey hydrogen plants to be owned and operated by Fusion Fuel, and the sale of green hydrogen as a commodity to end-users through long-term hydrogen purchase agreements. For more information, please visit https://www.fusion-fuel.eu
Portugal reveals first details of upcoming green hydrogen tender
The Portuguese authorities plan to award 10-year contracts to developers for 3,000 tons of green hydrogen and 10,000 tons of renewable methane.
JANUARY 3, 2023 PILAR SÁNCHEZ MOLINA
https://www.pv-magazine.com/2023/01/03/portugal-reveals-first-details-of-upcoming-green-hydrogen-tender/
The H2Évora pilot project in Portugal, Image: Fusion Fuel
The Portuguese government has unveiled a set of measures (Ley de las Grandes Opciones) to launch new auction schemes for offshore wind and renewable gas, with a particular focus on hydrogen and its derivatives, including ammonia, green methanol, and synthetic fuels. The first green hydrogen tender will be launched this year, according to the document.
The authorities said they want to award 10-year contracts for 3,000 tons of green hydrogen and 10,000 tons of renewable methane.
“The bases of the first tender in Portugal for the centralized purchase of biomethane, synthetic methane and green hydrogen have been defined, which will help to start decarbonizing gas consumption in the country,” said Jorgo Chatzimarkakis, the CEO of Hydrogen Europe.
“Congratulations to Joao Galamba, vice minister and secretary of state for energy. He is, without a doubt, the leader of the EU,” Chatzimarkakis said. “This is an important pilot project for the adoption of domestic H2 production in Europe.”
In mid-December, Portuguese Prime Minister António Costa launched the Simplex Ambientales program, which is a package of measures to change the environmental rules for the development of hydrogen and renewable energy projects.
In 2021, the Portuguese government launched a call for hydrogen projects, and it attracted €16 billion ($16.9 billion) of proposed investments. The €40 billion that Lisbon is providing to support this initiative is part of the national hydrogen strategy.
Solar-to-hydrogen project to be first stop on a California-to-Texas “hydrogen highway”
A 75 MW solar-to-hydrogen facility proposed for Bakersfield, California may mark the beginning of Fusion Fuel and Electus Energy’s green hydrogen vision for the United States.
By RYAN KENNEDY, NOVEMBER 28, 2022
https://pv-magazine-usa.com/2022/11/28/solar-to-hydrogen-project-to-be-first-stop-on-a-california-to-texas-hydrogen-highway/
The project would make use of both thermal energy and photovoltaic electricity.
Image: Fusion Fuel
Fusion Fuel, a modular solar-to-hydrogen facility provider based in Portugal, and Electus Energy, a hydrogen fleet-fueling and power infrastructure developer, announced the two have entered an exclusive joint venture agreement to construct a 75 MW green hydrogen facility in Bakersfield, California.
The proposed project is a solar-to-hydrogen site that would make use of Fusion Fuel’s proprietary hydrogen electrolyzer technology, called HEVO. The company said the facility, its first in the United States, would produce up to 9,300 tons of hydrogen fuel per year to fuel heavy-duty trucks.
Fusion Fuel’s HEVO technology is a miniaturized electrolyzer, affixed to the back of concentrated solar power (CSP) panel, which utilizes both photovoltaic-generated electricity and thermal energy. By using both heat and electricity, the electrolyzer’s efficiency is boosted considerably, thereby reducing the levelized cost of green hydrogen, said the company. The technology also uses dual-axis trackers to follow the sun throughout the day.
Fusion Fuel’s electrolyzers are miniaturized, modular, grid-independent, and affixed to the back of dual-axis concentrated photovoltaic arrays.
Image: Fusion Fuel
“By integrating the HEVO directly to the CPV module, not only are we able to utilize the electrical energy to power the electrochemical reaction without transport or conversion losses, but we can also recover that wasted thermal energy and use it to pre-heat the feed water, reducing the electrical load required to split water by roughly 10%,” said Fusion Fuel.
An investment of about $180 million is expected to be made to launch the 75 MW California project, with final investment decision to be made in early 2024 and project commissioning in early 2025.
“In just under two years as a public company, Fusion Fuel has established itself as a key player in the Iberian green hydrogen ecosystem. However, we knew that entering a new market, particularly one as large and complex as North America, would require a cornerstone project and a credible partner,” said Jason Baran, chief commercial officer at Fusion Fuel.
Once operational, the project will provide enough hydrogen fuel to support over 1,000 Class 8 trucks or buses per day. Class 8 is the largest category of trucking, with trucks weighing over 33,000 lbs.
Hydrogen is considered an effective use-case for technologies that need to readily dispatch high amounts of power, like in heavy-duty trucking or in industrial processes. However, the process of creating hydrogen fuel, electrolysis, requires large amounts of electricity. The marriage of solar and hydrogen electrolysis at one site helps trucking fleets achieve their emissions reduction requirements.
