BrightHy Solutions launches €30 million hydrogen investment platform
Under the new deal, Bright Hydrogen Holding has been established as a standalone investment vehicle, with BrightHy Solutions appointed as exclusive manager and development partner.
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Fusion Fuel Green has announced that its fully owned Bright Hydrogen Solutions Ltd has signed agreements with a green energy technologies provider establishing Bright Hydrogen Holding Company Ltd as a dedicated platform for the development, financing and delivery of industrial-scale hydrogen projects, with up to €30 million in financing by the Partner.
Fusion Fuel said that the signing of the agreements marks the commercial evolution from the previously announced non-binding term sheet with the Partner to a platform structure, providing a comprehensive legal, governance and funding framework to support the rollout of hydrogen infrastructure projects.
Under the transaction, Bright Hydrogen Holding has been established as a standalone investment vehicle, with BrightHy Solutions appointed as exclusive manager and development partner. The platform brings together BrightHy Solutions’ technical, commercial and project development expertise with a long-term investment framework designed to support the origination, construction and operation of hydrogen projects.
The agreement held that the framework will strive for a targeted deployment of up to €30 million of capital that will be released over time in three potential tranches of €10 million. Fusion Fuel said that BrightHy Solutions will provide exclusive management, development and project execution services across the platform and its project companies.
Bright Hydrogen Holding, which will be wholly owned by the Partner, will act as the holding company for a portfolio of project special purpose vehicles, while BrightHy Solutions will be responsible for sourcing and evaluating opportunities and leading project development and execution.
Capital will be deployed on a phased basis and only into projects approved as greenlit by Bright Hydrogen Holding’s investment committee and board (including at least one Partner-appointed director voting in favor). Revenue to BrightHy Solutions as asset manager is expected to be derived from an annual management fee and a performance fee on returns above a certain compounded annual hurdle, and will depend on financing availability and project execution. BrightHy Solutions may also earn revenues as the EPC contractor for the hydrogen plant execution under separate project-specific agreements.
The first greenlit project to be developed through Bright Hydrogen Holding will be a green hydrogen production facility supplying an industrial cement operator in Spain, with the build-out of the facility anticipated to commence during the first quarter of 2026.
Frederico Figueira de Chaves, CEO of BrightHy Solutions, said, “By introducing a phased investment approach for green hydrogen projects that aims to lower upfront capital obligations at the project company level, with funding released in tranches as projects are approved, we believe we are pioneering a novel solution for green hydrogen projects and supporting industrial companies to execute their decarbonization efforts.”
