Fusion Fuel Green PLC’s BrightHy Solutions subsidiary has secured a €1.7 million contract to deliver an electrolyzer system and hydrogen refueling station for a large construction company in southern Europe. The agreement, signed on November 25 2025, will see BrightHy provide engineering, installation and equipment services for the project, which is slated for completion and commissioning in 2026.
The project will involve the design and installation of a modular HEVO‑Chain electrolyzer, a proprietary miniaturized PEM system that BrightHy has been marketing to small‑to‑mid‑scale customers. Engineering work has already begun, and key equipment is in production, positioning the company to meet the 2026 delivery target.
Fusion Fuel Green PLC has reported a challenging financial trajectory, with operating losses and a distressed Altman Z‑Score in recent quarters. In the first half of 2025 the company generated €6.9 million in revenue, a 106% increase from the prior period, but it still recorded net losses and negative margins. The new contract adds a modest but meaningful revenue stream that could help the company improve its cash flow profile and demonstrate market traction for its technology.
Strategically, the contract underscores the growing demand for BrightHy’s HEVO‑Chain technology in the small‑to‑mid‑scale green hydrogen market. By securing a project with a large construction client, BrightHy is expanding its customer base beyond its existing niche deployments and positioning itself for future contracts in the region. The deal also signals that the company’s modular electrolyzer platform is gaining acceptance among industrial users who require scalable, turnkey solutions.
Luis Galdo, Chief Commercial Officer of BrightHy Solutions, said the contract “represents a significant step forward not only for BrightHy but also for the rapid build‑out of hydrogen infrastructure across southern Europe.” While the company’s CEO has not issued a separate statement, the contract aligns with Fusion Fuel’s broader strategy to diversify its revenue mix and reduce reliance on its earlier, less profitable ventures.
The €1.7 million project, while modest in absolute terms, is a positive development for a company that has struggled to achieve profitability. It provides a tangible revenue source and a proof‑of‑concept for BrightHy’s technology, potentially paving the way for larger contracts. However, the company’s ongoing financial challenges mean that this contract alone will not resolve its broader profitability issues, and investors will likely view it as a modest step toward a more sustainable business model.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.