Fusion Fuel Green PLC (HTOO) has secured up to €30 million in staged financing to launch Bright Hydrogen Holding Company Limited, a dedicated platform for developing, financing, and delivering industrial‑scale green hydrogen projects. The €30 million will be released in up to three tranches of €10 million each, with each tranche contingent on project approvals and governance milestones, ensuring that capital is deployed only when the underlying projects meet agreed criteria.
The financing agreement establishes Bright Hydrogen Holding as a wholly‑owned subsidiary of an unnamed partner, who will hold controlling interest in the holding company. BrightHy Solutions has been appointed as the exclusive manager responsible for project development and execution across the platform and its subsidiaries, while the partner retains ownership of the holding company, a structure that limits BrightHy’s control but provides a clear revenue stream through management and performance fees.
The first project under the new platform is a green hydrogen production facility for a cement operator in Spain, with construction slated to begin in the first quarter of 2026. The facility will support the cement operator’s decarbonisation targets and will serve as a showcase for Fusion Fuel’s HEVO‑Chain technology, a modular solar‑to‑hydrogen system designed to reduce capital intensity and accelerate permitting for small‑to‑midscale projects.
Strategically, the conditional funding provides Fusion Fuel with a critical capital infusion while mitigating risk for the partner. The phased, milestone‑based tranches align investor capital with project progress, reducing upfront exposure for Fusion Fuel and allowing the company to focus on scaling its HEVO‑Chain deployments across Europe. However, the partner’s full ownership of the holding company and the conditional nature of the funding have tempered investor enthusiasm, as the capital will not be immediately available and the company’s ongoing cash burn remains a concern.
Frederico Figueira de Chaves, CEO of BrightHy Solutions, said the phased investment model “reduces upfront capital requirements at the project level, enabling industrial players to advance their decarbonisation strategies while protecting investors from early‑stage risks.” The comment underscores the platform’s design to balance risk and reward for both the partner and the industrial clients.
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