Fusion Fuel Green PLC has officially announced the creation of Bright Hydrogen Holding Company Limited, an investment platform dedicated to industrial green hydrogen projects. The initiative is led by Bright Hydrogen Solutions Limited, a wholly owned subsidiary, in partnership with a green energy technologies provider. The programme targets the phased deployment of up to €30mn ($32.9mn) in capital, to be released in three potential tranches of €10mn each, subject to project approval by an investment committee.
A structured and exclusive investment framework
Bright Hydrogen Holding will operate as a standalone investment vehicle, wholly owned by the financial partner, while BrightHy Solutions will act as the exclusive manager and project developer. The parties have signed a comprehensive set of definitive agreements, including a share purchase agreement, an investment and funding agreement, and a management services agreement outlining BrightHy’s operational role across the platform’s project portfolio.
Funds will only be released for projects approved by Bright Hydrogen Holding’s board, which requires at least one vote from a partner-appointed director. This structure is designed to limit initial capital commitments at the project company level by releasing funding in stages tied to concrete validation and construction phases.
First industrial project targeted in Spain
The first approved project within this new platform will be a green hydrogen production facility supplying an industrial cement operator in Spain. Construction of the facility is expected to begin in the first quarter of 2026. BrightHy Solutions will oversee the entire development cycle and may also act as the engineering, procurement, and construction (EPC) contractor under separate agreements.
BrightHy Solutions’ remuneration structure will include an annual management fee and a performance-based fee on returns exceeding a compounded profitability threshold. These revenues will depend on the level of allocated funding and the operational implementation of selected projects.
Frederico Figueira de Chaves, Chief Executive Officer of BrightHy Solutions, stated that this model aims to “reduce upfront capital obligations while ensuring flexible, phased financial support for industrial companies”. The framework may pave the way for a more standardised approach to hydrogen infrastructure investment based on operational and financial adaptability.
