The following is a summary of the Fusion Fuel Green PLC (HTOO) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Fusion Fuel Green PLC reported no revenue for Q1 2024.

• They raised net proceeds of €5.9 million through their ATM facility in February.

• They received provisional grant approval for the HEVO-Aveiro project, estimated at €5 million in funding.

• The pre-tax loss for Q1 2024 was €5.1 million.

Business Progress:

• Fusion Fuel's proprietary HEVO micro-electrolyzer technology continues to be at the core of their projects.

• They have developed strategic commercial relationships and are delivering small- to mid-scale hydrogen projects.

• Installation of the 300-kilowatt HEVO-Chain system for a global cement leader continues, with commissioning expected to start soon.

• They signed a technology sale contract for a 100-kilowatt HEVO-Chain system for a hospital in Iberia.

Opportunities:

• Fusion Fuel is well-positioned in the market for small- to mid-scale green hydrogen projects, especially due to the high demand in sectors like commercial mobility, steel, cement manufacturing, and other industrial applications.

• They have a considerable pipeline of over 200 megawatts of offers made to clients across more than a dozen countries, predominantly for projects under 10 megawatts.

Risks:

• The company acknowledges the unsurity around their capital position and how it feeds into a valuation disconnect with their competitors.

• There is a noted delay and complexity in large project negotiations and executions, as seen with the IPCEI project and others.

More details: Fusion Fuel Green IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.