Fusion Fuel Green PLC (HTOO)
NASDAQ (CM) NASDAQ (CM) Primary NASDAQ (CM) Summary
HTOO Buys 70% Stake in QIND, Expands Into Gas and Engineering Services
Fusion Fuel buys 70% stake in Quality Industrial, thereby strengthening its position in the energy engineering, supply and services business.
Fusion Fuel Green (NASDAQ: HTOO) Executes Agreement to Acquire Majority Stake in QIND
SAN FRANCISCO, CA / ACCESSWIRE / November 19, 2024 / Quality Industrial Corp. (OTC PINK:QIND) ("QIND" or the "Company") is an industrial company specializing in the energy sector. On November 18, 2024, the Company, Fusion Fuel Green PLC, an Irish public limited company listed on NASDAQ under the ticker symbol "HTOO" ("Fusion Fuel"), Ilustrato Pictures International Inc. ("Ilustrato"), and certain other stockholders of the Company (together with Ilustrato, the "Sellers") entered into a Stock Purchase Agreement (the "Purchase Agreement") to transfer a total of 78,312,334 shares of common stock and 20,000 shares of Series B Preferred Stock to Fusion Fuel, representing approximately 69% of the capital stock of the Company.
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Fusion Fuel Green PLC Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | John-Paul Backwell CEO | NASDAQ (CM) Exchange | G3R25D209 CUSIP |
| IE Country | 116 Employees | - Last Dividend | 14 Jul 2025 Last Split | 10 Dec 2020 IPO Date |
Overview
Fusion Fuel Green PLC is an innovative company established in 2018, headquartered in Dublin, Ireland, with a strategic focus on the production of green hydrogen within the regions of Portugal, Spain, and Morocco. This organization is dedicated to contributing to the global shift towards clean and sustainable energy sources. By leveraging advanced technologies, Fusion Fuel Green PLC aims to be at the forefront of providing green hydrogen solutions that are both environmentally friendly and economically viable. Serving a diverse clientele, including natural gas networks, oil refineries, and government departments, the company plays a crucial role in facilitating the transition towards renewable energy resources and the decarbonization of various industries.
Products and Services
- Hydrogen Generators - Fusion Fuel Green PLC manufactures state-of-the-art hydrogen generators intended for clients looking to operate their own green hydrogen plants. These generators are designed with efficiency and sustainability in mind, capable of producing high-purity hydrogen fuel using renewable energy sources.
- Natural Gas Network Solutions - The company offers innovative solutions tailored for natural gas networks aiming to integrate green hydrogen into their existing infrastructure. This service includes the provision of necessary technologies and expertise to enable the seamless blending of hydrogen with natural gas, thus reducing the carbon footprint of energy distribution systems.
- Ammonia Production Support - Recognizing the pivotal role of ammonia in the global energy and agriculture sectors, Fusion Fuel Green PLC provides specialized services and technologies for ammonia producers. These services are geared towards enabling the production of green ammonia through the utilization of hydrogen, thereby fostering more sustainable practices in the industry.
- Oil Refinery Services - The company extends its expertise to oil refineries by offering solutions that integrate green hydrogen into refining processes. This approach not only enhances the efficiency of these operations but also significantly lowers their environmental impact, aligning them with global sustainability goals.
- Regulatory and Government Consultancy - Fusion Fuel Green PLC engages with regulators and government departments to offer consultancy services. This includes advising on policies related to green hydrogen, supporting the development of regulatory frameworks, and assisting in the implementation of renewable energy initiatives.
Contact Information
