First Payment Made in Sale of P2X Spain Shares to Fusion Fuel
Fusion Fuel Green PLC has received the first installment of €370,100 as part of the sale of its former 50% equity stake in P2X Spain to EREE Desarrollos Empresariales, S.L. This transaction, formalized through a definitive agreement on February 7, 2025, followed the transfer of shares representing 50% of P2X Spain on December 19, 2024.
The total payment expected is €515,100, contingent on certain post-transfer conditions. Frederico Figueira de Chaves, Interim CFO of Fusion Fuel, expressed satisfaction on receiving this payment and highlighted the company’s interest in exploring future collaboration opportunities with EREE and P2X Spain in the green hydrogen sector.
Fusion Fuel, known for its operations in integrated energy engineering and green hydrogen solutions, operates through platforms such as BrightHy and Al Shola Gas. The collaboration potential with EREE and P2X Spain may leverage these capabilities to further advance green hydrogen projects.
The payment received by Fusion Fuel could signal a strengthening of its relationship with EREE and P2X Spain. Both parties have expressed openness to future collaborations, with Fusion Fuel looking forward to jointly working on ongoing and new initiatives in the green hydrogen space.
This development could be a catalyst for future business developments, as Fusion Fuel continues to focus on green hydrogen and energy solutions. The first payment received by Fusion Fuel is a positive step towards future collaborations, indicating a potential for significant growth in the green hydrogen sector.
[1] Fusion Fuel Green PLC announces sale of shares in P2X Spain. (2025). Fusion Fuel Green PLC. [2] Fusion Fuel Green PLC receives first payment from P2X Spain sale. (2025). Fusion Fuel Green PLC. [3] Fusion Fuel Green PLC looks forward to future collaborations with EREE and P2X Spain. (2025). Fusion Fuel Green PLC.
[1] Fusion Fuel Green PLC has secured its first installment of €370,100 in financing for its green hydrogen business, following the sale of its former stake in P2X Spain.
[2] With the fulfillment of post-transfer conditions, the total expected payment is €515,100, and this deal signifies a possible expansion in Fusion Fuel's green hydrogen sector collaborations.
