Fusion Fuel’s BrightHy announces term sheet for EUR 30M partnership

Fusion Fuel (HTOO) Green announced that Bright Hydrogen Solutions, a Fusion Fuel subsidiary and provider of hydrogen solutions, executed a non-binding Term Sheet outlining the terms of a strategic partnership focused on investments in hydrogen projects and infrastructure with an integrated green energy technologies provider. As contemplated by the Term Sheet, subject to execution of one or more binding agreements, the Partner would commit up to EUR 30 million in capital over four years to be invested in certain hydrogen projects. These investments are expected to be channeled through special purpose vehicles held by a newly created investment entity to be majority-owned by the Partner. The projects contemplated by the Term Sheet would be mid-scale hydrogen infrastructure projects, with a typical investment size ranging from EUR 2 million to EUR 5 million per project, and a maximum investment size of EUR 10 million per project.