BrightHy Solutions launches a €30 million hydrogen investment platform, enabling phased financing and accelerating industrial green hydrogen projects in Spain and beyond.
Fusion Fuel Green PLC has announced a major step forward in its hydrogen strategy through its wholly owned subsidiary, Bright Hydrogen Solutions Limited. The company confirmed that BrightHy Solutions has formally executed a series of binding agreements with a green energy technologies provider, referred to as the Partner, to establish a dedicated hydrogen investment and delivery platform. This new structure, named Bright Hydrogen Holding Company Limited, is designed to support the development, financing, and execution of industrial-scale green hydrogen projects, with a targeted investment capacity of up to €30 million.
This development represents the transition from an earlier non-binding term sheet into a fully operational platform backed by definitive legal and governance arrangements. By moving from preliminary discussions to a structured investment vehicle, the parties have laid the groundwork for a long-term collaboration aimed at accelerating the deployment of hydrogen infrastructure. The platform provides a comprehensive framework covering ownership, funding mechanisms, project governance, and operational responsibilities, ensuring clarity and discipline as projects advance from concept to construction and operation.
Under the agreed transaction structure, Bright Hydrogen Holding has been established 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 of the platform. In this role, BrightHy Solutions will contribute its technical capabilities, commercial expertise, and project development experience to identify, design, and deliver viable hydrogen projects. The platform structure is intended to combine this operational know-how with patient, long-term capital, enabling hydrogen projects to be developed in a phased and financially disciplined manner.
The definitive documentation underpinning the platform includes three core agreements. First, a share purchase agreement formally establishes Bright Hydrogen Holding as the central investment entity. Second, an investment and funding agreement sets out the framework for deploying up to €30 million of capital. This funding is expected to be released progressively, potentially across three tranches of €10 million each, subject to project milestones, approvals, and governance requirements. Third, a management services agreement appoints BrightHy Solutions to provide exclusive management, development, and execution services across the holding company and its project-level subsidiaries.
Bright Hydrogen Holding will function as the parent company for a portfolio of project-specific special purpose vehicles. While the Partner retains ownership at the holding level, BrightHy Solutions will be responsible for sourcing opportunities, conducting technical and commercial evaluations, and leading project development through to execution. Capital deployment will occur only after projects are formally approved by the platform’s investment committee and board, with governance safeguards requiring the affirmative vote of at least one director appointed by the Partner.
From a commercial perspective, BrightHy Solutions is expected to generate revenue through multiple channels. As asset manager, it anticipates earning an annual management fee, along with a performance-based fee linked to returns exceeding a predefined compounded annual hurdle rate. These revenues will depend on both the availability of financing and the successful execution of projects. In addition, BrightHy Solutions may also secure engineering, procurement, and construction (EPC) revenues by acting as the contractor for hydrogen plant development under separate, project-specific agreements.
The platform already has its first approved project. The initial “greenlit” development will be a green hydrogen production facility supplying an industrial cement operator in Spain. Construction of this facility is expected to begin in the first quarter of 2026, marking a tangible step toward decarbonizing a hard-to-abate industrial sector through the use of clean hydrogen.
Commenting on the announcement, Frederico Figueira de Chaves, CEO of BrightHy Solutions, described the agreements as a meaningful milestone. He emphasized that the phased investment model, which releases capital in tranches as projects achieve approval, is designed to reduce upfront capital burdens at the project level. According to him, this approach introduces a novel financing solution for green hydrogen while supporting industrial customers in advancing their decarbonization objectives.
