Fusion Fuel Unveils €30M Platform to Fast-Track Green Hydrogen Projects

DUBLIN, IRELAND – December 29, 2025 – In a significant move to accelerate the deployment of green hydrogen infrastructure, Fusion Fuel Green PLC (NASDAQ: HTOO) today announced that its wholly-owned subsidiary, BrightHy Solutions, has finalized agreements to establish a dedicated hydrogen investment platform. The venture, backed by up to €30 million in targeted capital from an unnamed green energy technologies provider, aims to streamline the development, financing, and delivery of industrial-scale projects.

The new entity, Bright Hydrogen Holding Company Limited, will serve as the investment vehicle, with the first project slated to be a green hydrogen production facility for the cement industry in Spain, commencing in early 2026. This initiative marks a crucial evolution from a previously announced non-binding term sheet to a fully structured platform, signaling a firm commitment from all parties to tackle the financial hurdles often associated with large-scale hydrogen deployment.

A New Architecture for Green Energy Finance

The agreement establishes a sophisticated structure designed to blend technical expertise with long-term capital. Under the terms, Bright Hydrogen Holding has been formed as a standalone investment vehicle wholly owned by the financing Partner. Fusion Fuel’s subsidiary, BrightHy Solutions, has been appointed as the exclusive manager and development partner, tasked with leveraging its deep industry knowledge to bring projects to fruition.

This partnership is cemented by three key definitive agreements:

1. A share purchase agreement, which formally established Bright Hydrogen Holding as the central investment platform.
2. An investment and funding agreement with the Partner, which outlines the framework for deploying up to €30 million. This capital is structured to be released over time in three potential tranches of €10 million each, contingent upon project approvals and governance milestones.
3. A management services agreement, which codifies the role of BrightHy Solutions as the exclusive entity providing management, development, and project execution services across the platform.

This structure effectively separates the investment capital from the project development arm, creating a clear governance framework. BrightHy Solutions will be responsible for sourcing, evaluating, and developing hydrogen project opportunities, which will then be presented to the holding company for funding approval. This model allows the financial partner to maintain oversight while empowering the technical experts at BrightHy Solutions to focus on execution.

De-Risking Investment with a Phased Approach

A core innovation of this platform is its phased investment strategy. Capital will not be deployed in a single lump sum but will be allocated on a project-by-project basis. Each potential project must be greenlit by Bright Hydrogen Holding’s investment committee and board, a process that requires the affirmative vote of at least one director appointed by the Partner. This mechanism provides a crucial layer of risk management, ensuring that capital is only committed to ventures that meet stringent technical and commercial criteria.

Frederico Figueira de Chaves, CEO of BrightHy Solutions, highlighted the novelty of this model. “By introducing a phased investment approach for green hydrogen projects that aims to lower upfront capital obligations at the project company level, with funding released in tranches as projects are approved, we believe we are pioneering a novel solution for green hydrogen projects and supporting industrial companies to execute their decarbonization efforts,” he stated.

This approach addresses one of the primary barriers to the expansion of the green hydrogen economy: the high initial capital expenditure required for electrolysis plants and related infrastructure. By breaking down the investment into manageable, milestone-driven tranches, the platform makes participation more attractive for investors and less daunting for industrial off-takers.

For its role, BrightHy Solutions is expected to generate revenue through several streams. An annual management fee will provide a steady income base, while a performance fee, triggered by returns above a specified compounded annual hurdle, incentivizes the successful and profitable execution of projects. Furthermore, BrightHy Solutions stands to earn additional revenue as the EPC (Engineering, Procurement, and Construction) contractor for the hydrogen plants, creating a vertically integrated role within the platform's ecosystem.

First Target: Decarbonizing Spain’s Cement Sector

The platform's first confirmed project provides a clear example of its strategic intent. A new green hydrogen production facility will be developed to supply an industrial cement operator in Spain. Construction is anticipated to begin during the first quarter of 2026, demonstrating the venture's immediate operational focus.

The choice of the cement industry is particularly significant. As one of the most carbon-intensive and hard-to-abate sectors, cement production is a prime target for decarbonization technologies like green hydrogen, which can replace fossil fuels in high-heat industrial processes. A successful deployment in this sector would serve as a powerful proof-of-concept for the platform’s financing model and its potential to drive meaningful emissions reductions in heavy industry.

This initial project will act as the vanguard for the platform, testing the governance and funding mechanisms while delivering tangible results. Its success will be critical for unlocking the subsequent tranches of the €30 million capital commitment and for attracting future projects to the platform.

Strategic Implications for the Hydrogen Economy

For the parent company, Fusion Fuel, this platform represents a significant strategic milestone. It validates the technical and commercial expertise of its BrightHy Solutions subsidiary and establishes a scalable model for future growth that is not solely dependent on its own balance sheet. By creating a dedicated investment vehicle with a committed partner, Fusion Fuel has effectively multiplied its capacity to develop and deliver projects.

More broadly, this financing model could serve as a template for the entire green hydrogen industry. Access to patient, long-term capital remains a major bottleneck for developers. The BrightHy Solutions platform, with its phased funding and clear separation of roles, offers a potentially replicable solution that could unlock billions in private investment needed to achieve global climate goals.

While the company’s forward-looking statements acknowledge the inherent risks—including the partner's ability to secure financing, project approval hurdles, and execution challenges—the establishment of this structured and well-governed platform is a decisive step forward. It represents a tangible effort to move beyond ambition and into the practical, financial, and logistical work of building the infrastructure for a hydrogen-powered future.