SABUGO, Portugal, March 06, 2024 (GLOBE NEWSWIRE) — Fusion Fuel Green plc (NASDAQ:HTOO) (“Fusion Fuel”), an emerging leader in the green hydrogen sector, today announced financial results for the fourth quarter ended December 31, 2023. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials-filings/earnings-releases
Key 2023 Highlights
Entered into green hydrogen offtake agreements with Dourogas and Hydrogen Ventures
Entered into partnership agreements with Toyota Material Handling España, Duferco Energia, and Elemental Clean Fuels
Awarded ~€17 million in project grant funding
Commercialized turnkey, modular HEVO-Chain solution for a global leader in the building materials industry
Headcount has reduced by ~30% from highest point in 1Q23; operating costs have reduced 22% year over year
Published inaugural ESG Report
Recognized first revenues; cumulatively …