Fusion Fuel Green plc, a leading provider of full-service energy engineering and advisory solutions, specializing in green hydrogen and industrial gas announced that it has closed a $1.3 million private placement of senior convertible notes with certain institutional investors.
“This follow-on financing further solidifies our financial position and underscores the ongoing commitment from our investors,” commented John-Paul Backwell, Chief Executive Officer of Fusion Fuel. “Their continued support reinforces the confidence in our long-term strategy and ability to execute. With these investments, we are strengthening our position as a diversified energy services leader, delivering value across the entire energy ecosystem.”
The proceeds from the financing are expected to provide additional working capital.
Previously Fusion Fuel announced that it has begun the installation and commissioning of 15 HC-Cubes at client’s facility in Spain. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.
Photo of Fusion Fuel Green
Press release https://tinyurl.com/nhju6smw
