Fusion Fuel Green PLC announced on August 11, 2025, the signing of a non-binding Letter of Intent (LOI) to form a joint venture (JV) with a privately-held South Africa-based specialized fuel company. This JV aims to deliver a specialized fuel solution for a project in South Africa.
The first project for the JV has already been awarded to the Partner by a subsidiary of a multinational food and beverage corporation. This project is planned for deployment at a South African commercial facility and is expected to provide immediate commercial use and strong visibility on cash flow.
Under the key terms of the LOI, Fusion Fuel is expected to invest $1.5 million for a 50% equity stake in the JV. The company anticipates receiving 50% of the net income from the first project and 10% of the net income from future projects, with expected annual returns of $700,000 for Fusion Fuel starting in 2026.
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