European Commission Acceptance
The European Commission accepted the EVO Portugal project as an important project of common European interest, showing strong support and recognition for the company's initiatives.
Successful Fundraising
Fusion Fuel raised EUR 5.9 million through its ATM facility in February, providing a significant boost to the company's financial resources.
Grant Approvals
Received provisional grant approval for the 25-megawatt HEVO-Aveiro green hydrogen projects, representing an estimated EUR 5 million grant fund.
Commercial Success in Cement Industry
Completed installation of a 300-kilowatt HEVO-Chain system for a global cement leader, with potential follow-on opportunities from the same and other clients in the industry.
Broadening Market Reach
Made over 200 megawatts of offers and tenders to clients in 16 markets, indicating strong market interest and expansion potential.
Operational Efficiency Improvements
The production team achieved a more than 50% reduction in product transformation costs over the past year, with expectations to reach a 70% reduction by year-end.