SABUGO, Portugal, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ:HTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the third quarter ended September 30, 2022. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases

Third Quarter 2022 Highlights

Received approval for €10 million in grant funding from C-14 of PRR to develop the HEVO-Industria project in Sines
Announced completion independent technology assessment of Fusion Fuel and HEVO-Solar system by Black & Veatch
Announced completion of three-month performance audit of HEVO-Solar system by TUV SUD
Commenced construction on Exolum project in Madrid, Spain
Filed two additional patents

Subsequent Events

Announced €5 million tech sale contract with Gedisol for 3.2 MW green hydrogen project in Spain
Announced €2 million tech sale contract with KEME Energy for green hydrogen project in Portugal
Commissioned H2Évora Green Hydrogen Plant
Entered into agreement with Duferco Energia SpA to develop Italian Green Hydrogen Market
Announced involvement in 4 projects preselected for €13 million in grants through Spain's H2 Pioneros Program
Announced entry into centralized PEM electrolyzer market with HEVO-Chain; filed associated patent
Announced agreement with Electus Energy to develop 75 MW green hydrogen project in Bakersfield, California

Fusion Fuel will host a live conference call and webcast today, November 28, 2022.

Time: 10:00am ET / 3:00pm WEST
Participant Dial-In: +1 (312) 248-9348
- Participant ID: 075606
- Participant Passcode: 1616
Webcast registration page: https://www.bigmarker.com/izigo/2022-Q3-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 has created a modular, integrated solar-to-hydrogen generator, powered by a proprietary miniaturized PEM electrolyzer, that enables off-grid production of green hydrogen. Fusion Fuel's business lines include the sale of 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 Third Quarter 2022 Investor Update