Fusion Fuel and KEME Energy sign technology agreement for hydrogen project in Portugal
The two companies had previously announced their collaboration agreement in February.
Fusion Fuel has entered into a technology sale agreement with KEME Energy to supply its solar-to-hydrogen system for a 1.22 MW green hydrogen project in Sines, Portugal.
The project, which secured a €2.4 million grant from Portugal’s POSEUR programme in late 2021, will be developed in ZILS, the Sines Industrial and Logistics Zone, and will consist of 62 HEVO-Solar trackers that will generate an estimated 77 tonnes of green hydrogen per annum.
The hydrogen produced is expected to help meet local demand from customers in the nascent hydrogen mobility sector. Fusion Fuel expects to begin construction of the facility early next year and achieve commercial operation in the second half of 2023.
It is important to understand that in contrast to fossil fuels that have to be extracted from specific regions, the green hydrogen production project we are implementing can be replicated almost anywhere in the world, wherever the sun shines. The energy independence that green hydrogen offers is critical for Portugal and Europe. KEME is at the forefront of this new energy value chain being created, and we look forward to developing more projects with Fusion Fuel in the future.”
Miguel Matias, CEO of KEME Energy, said, “We believe that green hydrogen will be fundamental to replace fossil fuels in industrial processes, heavy transport and critical energy backup services like data centres.”
Pedro Caçorino Dias, Fusion Fuel’s Head of Commercial for Portugal, said, “We are thrilled to announce the execution of this €2 million technology sale contract with KEME Energy, expanding our commercial footprint in the Sines region and building on our market-leading position in Portugal.”