Fusion Fuel Green (HTOO) Provides Q2 Investor Update

Fusion Fuel Green plc (NASDAQ: HTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the second quarter ended June 30, 2023. The quarterly shareholder letter is available at: https://ir.fusion-fuel.eu/financials-filings/earnings-releases

Second Quarter 2023 Highlights

• Won €2.46 million green hydrogen equipment supply contract with CSIC in Spain
• Published inaugural ESG Report
• 1 MW project in Italy using Fusion Fuel technology awarded grant to support its execution​
• Further invoices issued for technology and turn-key project sales

Subsequent Events​

• Announced long-term green hydrogen offtake contract with a Spanish industrial group
• Submitted three projects to Spanish H2 Pioneers II program and four projects to the new Portuguese C-14 program, cumulatively representing nearly 70 MW of electrolyzer capacity. Finalized acceptance tests at the Exolum hydrogen plant
• Creating strategic partnership with Duferco Energia to enter Italian market, starting with a 1 MW HEVO-Chain Series NC project in Southern Italy
• Signed agreement with Hydrogen Ventures to reach FID on a €20+ million project in Portugal by end of 2023
• In negotiations with BGR Energy to install 1 MW HEVO-Chain demonstrator in India in 2024

Fusion Fuel will host a live conference call and webcast today, August 30, 2023.

• Time: 10:00am ET / 3:00pm WEST
• Participant Dial-In: +1 (312) 248-9348
  • Participant ID: 453546
  • Participant Passcode: 5134
• Webcast registration page: https://www.bigmarker.com/izigo/Q2-2023-Update-Fusion-Fuel

The webcast may also be accessed through the Events page on the Fusion Fuel website (www.fusion-fuel.eu). A playback will be available for replay online for a period of time following the call.

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