SABUGO, Portugal, June 05, 2023 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQ:HTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the first quarter ended March 31, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

First Quarter 2023 Highlights

Announced hydrogen offtake agreement with Dourogás
Signed of Terms of Acceptance for €10m grant from PRR Component 14
Awarded €3.3m grant from H2 Pioneros Program for 2.4 MW green hydrogen project in Spain
Announced strategic partnership agreement with Toyota Material Handling España
Awarded €3.6m in grant funding for 1 MW green hydrogen mobility project to be co-developed with GALP
Entered into ten-year hydrogen offtake agreement with Hydrogen Ventures
Issued first invoice for a technology sale delivery

Subsequent Events

Won €2.46m green hydrogen equipment supply contract with CSIC
Published inaugural ESG Report
Italian project of 1 MW using Fusion Fuel technology has been awarded a grant to support its execution
Announced senior management changes and appointments
Further invoices issued for technology and turn-key project sales

Fusion Fuel will host a live conference call and webcast today, June 5, 2023.

Time: 10:00am ET / 3:00pm WEST
Participant Dial-In: +1 (312) 248-9348
- Participant ID: 630468
- Participant Passcode: 7684
Webcast registration page: https://www.bigmarker.com/izigo/Q1-2023-Update-Fusion-Fuel

The webcast may also be accessed through the Events page on the Fusion Fuel website (www.fusion-fuel.eu). A playback will be available for replay online for a period of time following the call.

About Fusion Fuel Green plc

Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel's patented miniaturized Proton Exchange Membrane (PEM) electrolyzer, the HEVO, and building-block approach to green hydrogen production, unlock unprecedented modularity and flexibility in the design and deployment of cost-competitive, decentralized green hydrogen solutions. Its business lines include the sale of its electrolyzer technology to customers interested in building their own green hydrogen production, the development of turnkey hydrogen plants to be owned and operated by Fusion Fuel, and the sale of green hydrogen as a commodity to end-users through long-term hydrogen purchase agreements. For more information, please visit https://www.fusion-fuel.eu

Investor Relations Contact

Ben Schwarz

ir@fusion-fuel.eu

Media Relations Contact

Robert Collins

fusionfuel@gatewayir.com

Fusion Fuel Green Hosts First Quarter 2023 Investor Update