Fusion Fuel Green PLC has announced that its wholly owned subsidiary, Bright Hydrogen Solutions Limited (BrightHy Solutions), has entered into agreements with a green energy technologies provider to establish Bright Hydrogen Holding Company Limited as a dedicated platform for the development, financing and delivery of industrial-scale hydrogen projects.
Under the agreements, the partner has committed to provide up to €30 million in financing for projects developed through the platform. The transaction formalises the commercial progression from a previously announced non-binding term sheet into a structured platform with defined legal, governance and funding arrangements to support the rollout of hydrogen infrastructure.
Bright Hydrogen Holding has been set up as a standalone investment vehicle and will be wholly owned by the partner. BrightHy Solutions has been appointed as the exclusive manager and development partner, bringing its technical, commercial and project development expertise to the platform alongside a long-term investment framework aimed at originating, constructing and operating hydrogen projects.
The definitive agreements include a share purchase agreement establishing Bright Hydrogen Holding as the central investment platform, an investment and funding agreement outlining the potential deployment of up to €30 million in three tranches of €10 million subject to project approvals, and a management services agreement under which BrightHy Solutions will provide exclusive management, development and execution services.
Bright Hydrogen Holding will act as the holding company for a portfolio of project special purpose vehicles, while BrightHy Solutions will be responsible for sourcing and evaluating opportunities and leading project development and execution. Capital will be deployed on a phased basis and only into projects approved by the platform’s investment committee and board, including at least one director appointed by the partner.
BrightHy Solutions is expected to generate revenue through annual management fees and performance-based fees on returns above a defined hurdle rate, subject to financing availability and project execution. The company may also earn additional revenue as the engineering, procurement and construction contractor for individual hydrogen projects under separate agreements.
The first project approved under the platform will be a green hydrogen production facility supplying an industrial cement operator in Spain, with construction expected to begin in the first quarter of 2026.
Frederico Figueira de Chaves, Chief Executive Officer of BrightHy Solutions, said the establishment of the platform represents a significant milestone and introduces a phased investment approach designed to reduce upfront capital requirements for green hydrogen projects while supporting industrial decarbonisation efforts.
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