Fusion Fuel Receives First Payment in Sale of Shares of P2X Spain
DUBLIN, July 23, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (NASDAQ:HTOO) ("Fusion Fuel" or the "Company"), a provider of integrated energy solutions, today announced that it has received the first payment related to its sale of its former 50% equity interest in P2X Spain Sociedad Limitada (formerly known as Fusion Fuel Spain, S.L.) ("P2X Spain") to EREE Desarrollos Empresariales, S.L. ("EREE").
The payment was made pursuant to a definitive agreement, dated February 7, 2025, and followed the transfer of 1,500 shares (representing 50% of P2X Spain) by Fusion Fuel to EREE on December 19, 2024.
As part of the transaction, the sale was structured to be conditioned on certain subsequent required conditions, including certain payments totaling €515,100. Fusion Fuel has received the first such payment, consisting of €370,100.
Frederico Figueira de Chaves, Interim Chief Financial Officer of Fusion Fuel, commented, "We are pleased to have received this payment, and we look forward to exploring future opportunities to collaborate with EREE and P2X Spain on this and other initiatives in the green hydrogen space."
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ:HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors.
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