Strategic Alliance Agreement Announcement: BrightHy Solutions unveils a non-binding Memorandum of Understanding for a significant partnership, pledging €30 million towards investments in hydrogen infrastructure.
Fusion Fuel's subsidiary, BrightHy Solutions, has recently announced a significant strategic partnership with an unnamed integrated green energy technologies provider. The partnership, outlined in a non-binding Term Sheet, has the potential for a €30 million commitment over four years for hydrogen infrastructure investments.
BrightHy Solutions, a specialist in hydrogen production through electrolysis, supports the full hydrogen value chain from design to implementation with a focus on safety, reliability, and efficiency. The strategic partnership aims to deliver long-term value for their stakeholders.
The investment entity, majority-owned by the partner and managed by BrightHy Solutions for a 10-year period, will focus on mid-scale hydrogen infrastructure projects. Each project will be evaluated against sustainability, financial, and other benchmarks, with the strategic mission of delivering certain minimum unlevered returns. Typical investment sizes for these projects will range from €2 million to €5 million, with a maximum investment size of €10 million per project.
The investment entity's board of directors and investment committee will include representatives from BrightHy Solutions and an independent director. The entry into definitive agreements will also be subject to legal, tax, and accounting structuring advice, due diligence investigation, and the satisfaction of conditions described in the Term Sheet.
Frederico Figueira de Chaves, the CEO of BrightHy Solutions, expressed his enthusiasm for the partnership, stating that it aligns with BrightHy's mission to scale clean hydrogen solutions.
This partnership is separate from another recent arrangement involving BrightHy Solutions signing an agency agreement with Houpu Global Clean Energy. This agreement aims to expand hydrogen infrastructure in Europe and Latin America, integrating Houpu’s hydrogen refueling technology and manufacturing capacity with BrightHy’s market presence and technical support.
Fusion Fuel Green PLC, a provider of integrated energy solutions, has not disclosed the identity of the partner in the strategic partnership. The source of the news is "Fusion Fuel - BrightHy Solutions Announces Non-Binding Term Sheet for Strategic Partnership with €30 Million Commitment for Hydrogen Infrastructure Investments".
[1] Fusion Fuel - BrightHy Solutions Announces Non-Binding Term Sheet for Strategic Partnership with €30 Million Commitment for Hydrogen Infrastructure Investments [2] BrightHy Solutions and Houpu Global Clean Energy Sign Agency Agreement to Expand Hydrogen Infrastructure in Europe and Latin America [3] BrightHy Solutions' Role in Decarbonizing Industries and Advancing Clean Mobility Solutions in Europe and Latin America [4] BrightHy Solutions - Overview and Mission [5] Fusion Fuel Green PLC - Overview and Services
- The new partnership between BrightHy Solutions and the unnamed integrated green energy technologies provider aims to invest €30 million over four years in hydrogen infrastructure, with a focus on mid-scale projects that align with BrightHy's mission of scaling clean hydrogen solutions, following the guidelines of safety, reliability, and efficiency.
- The upcoming joint hydrogen projects will be evaluated based on sustainability, financial, and other benchmarks, with the strategic mission of delivering certain minimum unlevered returns, as part of the technology-driven initiative to strengthen hydrogen infrastructure and contribute to the global sustainability agenda.
