Christian's questions to Fusion Fuel Green (HTOO) leadership • Q2 2023
Question
Asked a series of questions regarding the H2 Pioneers project financing, the reasons for the revised 2023 guidance (revenue, cost of sales, and grant value), the transition from HEVO-Solar to HEVO-Chain, the risk of future inventory impairments, strategy for the U.S. and Indian markets, the status of the Hydrogen Ventures project, the impact of U.S. regulations, and the company's overall capital position and partnership strategy.
Answer
The company is in advanced discussions with an investor for the H2 Pioneers project. The revised 2023 guidance is due to licensing delays pushing two projects into future years, which is seen as a delay, not a loss of business. No significant further inventory impairments are expected due to the adaptability of components to the HEVO-Chain. The U.S. remains a priority market, with partnerships being pursued to leverage the IRA, and proposed regulations are not seen as a major hurdle. The Hydrogen Ventures project is awaiting investor due diligence to reach FID. The company is actively pursuing various financing solutions to extend its runway while protecting shareholder value and is seeing market appetite for green hydrogen at premium prices.