BrightHy Solutions Secures Strategic Partnership for €30M Investment in Hydrogen Infrastructure
Reuters
Jul 22
BrightHy Solutions Secures Strategic Partnership for €30M Investment in Hydrogen Infrastructure
Fusion Fuel Green PLC's subsidiary, Bright Hydrogen Solutions Ltd, has announced the execution of a non-binding Term Sheet for a strategic partnership aimed at investing in hydrogen projects and infrastructure. The partnership involves an integrated green energy technologies provider that is expected to commit up to €30 million over four years. The planned investments will focus on mid-scale hydrogen infrastructure projects, with individual investments ranging from €2 million to €5 million, and a maximum of €10 million per project. These projects will be evaluated against sustainability and financial benchmarks. BrightHy Solutions will manage the investment entity through a 10-year management agreement, overseen by a board of directors and an investment committee. Frederico Figueira de Chaves, CEO of BrightHy Solutions, emphasized the initiative as a pivotal step in scaling clean hydrogen solutions and delivering long-term value.
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