Fusion Fuel Green To Establish Biosteam Energy Proprietary JV With Alien Fuel For Fairfield Industrial Decarbonization Project In South Africa

DUBLIN, Ireland, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) ("Fusion Fuel" or the "Company"), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that it has signed a Subscription and Shareholders Agreement (the "Joint Venture Agreement") with Alien Fuel (Proprietary) Limited ("Alien Fuel") to formally establish their joint venture vehicle, Biosteam Energy Proprietary Ltd ("Biosteam Energy"), for the Fairfield Industrial Decarbonization Project (the "Fairfield Project") in Howick, KwaZulu-Natal, South Africa.

Under the joint venture structure, Fusion Fuel will hold a 51% ownership stake in Biosteam Energy, with Alien Fuel retaining 49%. Under the terms of the Fairfield Project and the Joint Venture Agreement, Biosteam Energy will manage the financing, construction, and operation of a biomass-powered steam generation system to replace the fossil-fuel-based boiler at Fairfield Dairy, one of South Africa's largest dairy processing facilities. The new boiler system, designed and operated using Alien Fuel's proprietary biomass technology, will use carbon-neutral wood pellets produced from waste biomass, designed to reduce Scope 1 and Scope 2 carbon emissions at the site. The system is expected to be operational in the first quarter of 2026 and significantly supports the decarbonization and sustainability goals of Fairfield Dairy.