Fusion Fuel Green PLC (HTOO) Q2 2025 Earnings Call Prepared Remarks Transcript
Revenue EUR 6.9 million for the first half of 2025, up 70% year-over-year. Growth attributed to the consolidation of Al Shola Gas and increased engineering and maintenance contracts.
Operating Costs EUR 3 million for the first half of 2025, a decrease of around 60% year-over-year. Reduction due to closure of loss-making activities in Portugal and restructuring efforts.
Recurring Revenue from Al Shola Gas Approximately $1.7 million in annual recurring revenue from new gas supply agreements. Growth driven by increased demand in Dubai's expanding economy.
New Engineering and Installation Contracts (Al Shola Gas) $6.7 million secured in the first half of 2025. Growth supported by Dubai's infrastructure development and population growth.
Bright Hydrogen Solutions Revenue Target Targets revenues of up to EUR 5 million by 2026. Growth expected from secured tenders and strategic partnerships in the hydrogen sector.
Cost Reduction Operating expenses reduced by more than 50% year-over-year. Achieved through closure of loss-making activities and leaner operations.
Convertible Notes EUR 4.3 million of total liabilities removed from the balance sheet through note conversions and repayments, reducing outstanding notes to approximately EUR 1.5 million.
Bright Hydrogen Investment Vehicle Secured a EUR 30 million capital commitment for hydrogen projects. Aimed at supporting attractive hydrogen projects with strong investment cases.
Al Shola Gas Growth On track to exceed its year-over-year growth average of 30%. Growth driven by $1 million investment and increased engineering contracts.
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Fusion Fuel Green Forms Bright Hydrogen Holding with €30M Funding Commitment
- New Company Formation: Fusion Fuel Green PLC has established Bright Hydrogen Holding Company Limited through its wholly-owned subsidiary in partnership with a green energy technology provider, aimed at developing, financing, and delivering industrial-scale hydrogen projects.
- Funding Commitment: The agreement outlines a funding commitment of up to €30 million (approximately $33 million) from the partner, to be deployed in three tranches of up to €10 million each, contingent upon project approvals and governance.
- Project Management: BrightHy Solutions has been appointed as the exclusive manager responsible for project development and execution across the platform, expected to generate revenue through management fees and performance fees, thereby enhancing its competitive position in the hydrogen market.
- Initial Project Plan: The first approved project involves constructing a green hydrogen production facility for an industrial cement operator in Spain, with construction slated to begin in Q1 2026, marking a strategic move for Fusion Fuel in the hydrogen sector.
Fusion Fuel Secures €30 Million for Green Hydrogen Projects
- Capital Commitment: Fusion Fuel has signed agreements with a partner to secure up to €30 million in funding, to be released in three tranches of €10 million each, aimed at supporting the development of industrial-scale hydrogen projects.
- Project Launch: The first project is expected to commence in 2026, with a green hydrogen production facility in Spain supplying hydrogen to an industrial cement operator, marking a significant commercial advancement for the company in the hydrogen sector.
- Management Platform Establishment: Bright Hydrogen Holding has been established as a standalone investment platform, with BrightHy Solutions appointed as the exclusive manager and development partner, integrating technical and commercial development expertise to drive hydrogen infrastructure projects.
- Innovative Financing Model: By introducing a phased investment approach that lowers upfront capital obligations at the project company level, the initiative is expected to facilitate industrial companies' decarbonization efforts, thereby fostering innovation in the green hydrogen market.
Fusion Fuel Green secures two engineering contracts worth approximately $1.37 million, leading to a spike in shares.
New Contracts Signed: Fusion Fuel Green's partner, Al Shola Al Modea Gas Distribution, has secured two engineering contracts worth approximately $1.37 million, with an additional annual recurring revenue of $629,000 from liquefied petroleum gas supply.
Stock Performance: Following the announcement of the contracts, Fusion Fuel Green's shares experienced a 32% increase in early trading.
Fusion Fuel Green Secures €1.7M Hydrogen Project Contract in Southern Europe
- Contract Signing: Fusion Fuel's subsidiary, BrightHy Solutions, has signed a contract valued at approximately €1.7 million with a large construction company for the delivery of an electrolyzer system and hydrogen refueling station, supporting southern Europe's commitment to clean mobility and renewable energy transition.
- Engineering Progress: Engineering work for the project has commenced, with key equipment production underway, and the facility is expected to be delivered, installed, and commissioned by 2026, thereby supporting the expanding hydrogen ecosystem in the region.
- Strategic Collaboration: BrightHy Solutions will work closely with its strategic partners to ensure the project's successful implementation, which not only enhances the company's market position but also accelerates the rapid build-out of hydrogen infrastructure across southern Europe.
- Sustainability Commitment: This contract represents a significant advancement for BrightHy Solutions in hydrogen infrastructure development, reflecting the company's commitment to a sustainable energy future and supporting its client's forward-looking strategy.
Fusion Fuel Reports EGM Outcomes: All Proposals from Shareholders Accepted
Shareholder Meeting Outcomes: Fusion Fuel Green PLC held a general meeting on November 6, 2025, where all shareholder proposals were approved, including an increase in authorized share capital and the election of new Class II Directors, Pierce Crosby and Steven Gold.
Board Changes: The election of Crosby and Gold resulted in the resignations of Jeffrey E. Schwarz and Rune Magnus Lundetrae from the Board of Directors, with the CEO expressing gratitude for their contributions.
Strategic Flexibility: The approved measures provide the company with the flexibility to engage in discussions regarding large-scale strategic transactions, particularly in digital and commodity asset treasury initiatives.
Company Overview: Fusion Fuel Green PLC is positioned as a leader in the energy services sector, offering a range of solutions through its subsidiaries, including gas distribution, hydrogen solutions, and biomass-powered steam solutions.
Fusion Fuel Green PLC Unveils Major Industrial Decarbonization Initiative in South Africa
Project Announcement: Fusion Fuel Green PLC has begun construction on its first biomass-powered industrial steam project in South Africa through its joint venture, BioSteam Energy, marking its entry into the Southern African market.
Environmental Impact: The project aims to replace fossil-fuel-based steam generation with a carbon-neutral biomass solution, significantly reducing greenhouse gas emissions and generating carbon credits.
Operational Timeline: Groundbreaking activities have commenced, with the biomass boiler and fuel systems being fabricated, and the plant is expected to be operational by January 2026.
Company Overview: Fusion Fuel Green PLC specializes in energy engineering and advisory services, focusing on sustainable energy solutions across various sectors, including industrial gas and hydrogen solutions.
Fusion Fuel Green Forms Bright Hydrogen Holding with €30M Funding Commitment
- New Company Formation: Fusion Fuel Green PLC has established Bright Hydrogen Holding Company Limited through its wholly-owned subsidiary in partnership with a green energy technology provider, aimed at developing, financing, and delivering industrial-scale hydrogen projects.
- Funding Commitment: The agreement outlines a funding commitment of up to €30 million (approximately $33 million) from the partner, to be deployed in three tranches of up to €10 million each, contingent upon project approvals and governance.
- Project Management: BrightHy Solutions has been appointed as the exclusive manager responsible for project development and execution across the platform, expected to generate revenue through management fees and performance fees, thereby enhancing its competitive position in the hydrogen market.
- Initial Project Plan: The first approved project involves constructing a green hydrogen production facility for an industrial cement operator in Spain, with construction slated to begin in Q1 2026, marking a strategic move for Fusion Fuel in the hydrogen sector.
Fusion Fuel Secures €30 Million for Green Hydrogen Projects
- Capital Commitment: Fusion Fuel has signed agreements with a partner to secure up to €30 million in funding, to be released in three tranches of €10 million each, aimed at supporting the development of industrial-scale hydrogen projects.
- Project Launch: The first project is expected to commence in 2026, with a green hydrogen production facility in Spain supplying hydrogen to an industrial cement operator, marking a significant commercial advancement for the company in the hydrogen sector.
- Management Platform Establishment: Bright Hydrogen Holding has been established as a standalone investment platform, with BrightHy Solutions appointed as the exclusive manager and development partner, integrating technical and commercial development expertise to drive hydrogen infrastructure projects.
- Innovative Financing Model: By introducing a phased investment approach that lowers upfront capital obligations at the project company level, the initiative is expected to facilitate industrial companies' decarbonization efforts, thereby fostering innovation in the green hydrogen market.
Fusion Fuel Green secures two engineering contracts worth approximately $1.37 million, leading to a spike in shares.
New Contracts Signed: Fusion Fuel Green's partner, Al Shola Al Modea Gas Distribution, has secured two engineering contracts worth approximately $1.37 million, with an additional annual recurring revenue of $629,000 from liquefied petroleum gas supply.
Stock Performance: Following the announcement of the contracts, Fusion Fuel Green's shares experienced a 32% increase in early trading.
Fusion Fuel Green Secures €1.7M Hydrogen Project Contract in Southern Europe
- Contract Signing: Fusion Fuel's subsidiary, BrightHy Solutions, has signed a contract valued at approximately €1.7 million with a large construction company for the delivery of an electrolyzer system and hydrogen refueling station, supporting southern Europe's commitment to clean mobility and renewable energy transition.
- Engineering Progress: Engineering work for the project has commenced, with key equipment production underway, and the facility is expected to be delivered, installed, and commissioned by 2026, thereby supporting the expanding hydrogen ecosystem in the region.
- Strategic Collaboration: BrightHy Solutions will work closely with its strategic partners to ensure the project's successful implementation, which not only enhances the company's market position but also accelerates the rapid build-out of hydrogen infrastructure across southern Europe.
- Sustainability Commitment: This contract represents a significant advancement for BrightHy Solutions in hydrogen infrastructure development, reflecting the company's commitment to a sustainable energy future and supporting its client's forward-looking strategy.
Fusion Fuel Reports EGM Outcomes: All Proposals from Shareholders Accepted
Shareholder Meeting Outcomes: Fusion Fuel Green PLC held a general meeting on November 6, 2025, where all shareholder proposals were approved, including an increase in authorized share capital and the election of new Class II Directors, Pierce Crosby and Steven Gold.
Board Changes: The election of Crosby and Gold resulted in the resignations of Jeffrey E. Schwarz and Rune Magnus Lundetrae from the Board of Directors, with the CEO expressing gratitude for their contributions.
Strategic Flexibility: The approved measures provide the company with the flexibility to engage in discussions regarding large-scale strategic transactions, particularly in digital and commodity asset treasury initiatives.
Company Overview: Fusion Fuel Green PLC is positioned as a leader in the energy services sector, offering a range of solutions through its subsidiaries, including gas distribution, hydrogen solutions, and biomass-powered steam solutions.
Fusion Fuel Green PLC Unveils Major Industrial Decarbonization Initiative in South Africa
Project Announcement: Fusion Fuel Green PLC has begun construction on its first biomass-powered industrial steam project in South Africa through its joint venture, BioSteam Energy, marking its entry into the Southern African market.
Environmental Impact: The project aims to replace fossil-fuel-based steam generation with a carbon-neutral biomass solution, significantly reducing greenhouse gas emissions and generating carbon credits.
Operational Timeline: Groundbreaking activities have commenced, with the biomass boiler and fuel systems being fabricated, and the plant is expected to be operational by January 2026.
Company Overview: Fusion Fuel Green PLC specializes in energy engineering and advisory services, focusing on sustainable energy solutions across various sectors, including industrial gas and hydrogen solutions.
