Fusion fuel green hosts fourth quarter 2023 investor update

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 booked €4 million in 2023 received two orders for 1.25 mw hevo-chain green hydrogen systems to be delivered to projects in portugal in 2024 signed securities purchase agreement with belike nominees pty ltd.
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