In India, Solar Quarter reported that Fusion Fuel Green has announced that its wholly owned subsidiary, Bright Hydrogen Solutions Limited, 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 $35 million in financing for projects developed through the platform. The transaction formalizes 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, according to the report.
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.
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.
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