Fusion Fuel Green has announced that its wholly-owned subsidiary, Bright Hydrogen Solutions Limited, has signed agreements with a green energy technologies provider to establish Bright Hydrogen Holding Company Limited.
The new platform will drive industrial-scale hydrogen projects, backed by up to €30 million in financing from the Partner.
The agreements mark a major step forward from the previously announced non-binding term sheet, creating a fully structured platform for the development, financing, and delivery of hydrogen infrastructure projects.
Bright Hydrogen Holding will operate as a standalone investment vehicle, with BrightHy Solutions appointed as exclusive manager and development partner.
The platform merges BrightHy Solutions’ technical, commercial, and project expertise with a long-term investment framework to support the origination, construction, and operation of hydrogen projects.
The definitive agreements include a share purchase agreement establishing Bright Hydrogen Holding as the central investment platform, an investment and funding agreement providing for up to €30 million in phased funding, released in three potential tranches of €10 million, subject to project approvals.
Also, a management services agreement giving BrightHy Solutions exclusive responsibility for management, development, and project execution across the platform.
Bright Hydrogen Holding, fully owned by the Partner, will hold a portfolio of project-specific vehicles, while BrightHy Solutions will source, evaluate, and develop the projects. Capital will only be deployed for projects approved by Bright Hydrogen Holding’s investment committee, which will include at least one Partner-appointed director.
BrightHy Solutions will earn revenues through management fees, performance fees on returns above a defined hurdle, and potentially as EPC contractor under separate project-specific agreements.
The first approved project is a green hydrogen production facility supplying an industrial cement operator in Spain, with construction expected to begin in Q1 2026.
“This is a significant milestone for all parties,” said Frederico Figueira de Chaves, CEO of BrightHy Solutions.
“By introducing a phased investment approach for green hydrogen projects that aims to lower upfront capital obligations at the project company level, with funding released in tranches as projects are approved, we believe we are pioneering a novel solution for green hydrogen projects and supporting industrial companies to execute their decarbonization efforts.”
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