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[GoldDog83]

HTOO Earnings Update

Key Highlights

-- Entered into green hydrogen offtake agreements with Dourogas and Hydrogen Ventures -- Entered into partnership agreements with Toyota Material Handling España, Duferco Energia, and Elemental Clean Fuels -- Awarded EUR17 million in project grant funding -- Commercialized turnkey, modular HEVO-Chain solution for a global leader in the building materials industry -- Headcount has reduced by 30% from highest point in 1Q23; operating costs have reduced 22% year over year -- Published inaugural ESG Report -- Recognized first revenues; cumulatively booked EUR4 million in 2023 -- Received two orders for 1.25 MW HEVO-Chain green hydrogen systems to be delivered to projects in Portugal in 2024 -- Signed securities purchase agreement with Belike Nominees Pty Ltd., a Macquarie Group Company

Subsequent Events

-- Received notification of IPCEI approval from European Commission for 630 MW HEVO-Portugal Project -- Raised EUR6 million from at-the-market program to strengthen capital position -- Awarded EUR1.015 million grant from European Commission as part of H2tALENT consortium

Fusion Fuel will host a live conference call and webcast today, March 6, 2024.

-- Time: 10:00am ET / 3:00pm WEST -- Participant Dial-In: [phone] -- Participant ID: 033156 -- Participant Passcode: 8266 -- Webcast registration page: https://www.bigmarker.com/inscricao/Q4-Update-Fusion-Fuel