DUBLIN, Jan. 13, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (NASDAQ:HTOO) ("Fusion Fuel" or the "Company"), a leading provider of full-service energy engineering and advisory solutions, announced that it has closed a $1.28 million senior convertible notes private placement with certain institutional investors. In addition to the convertible notes, Fusion Fuel has also entered into an agreement with an institutional investor for a $25 million equity line of credit, which, upon the satisfaction ...

DUBLIN, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green Plc (NASDAQ: HTOO), a leading provider of energy and utility solutions, today announced it will host an Investor Update Presentation on Thursday, December 12, 2024, to discuss its recently announced transaction, introduce its group businesses, and share strategic plans and targets for the future. Presentation Agenda: The Investor Update will cover the following topics: Fusion Fuel Overview: Highlights of the business, recent developments, details o ...

Group 1: Acquisition Overview - Fusion Fuel Green (HTOO) has completed the acquisition of a 70% stake in Quality Industrial Corp. (QIND) through a share exchange, aligning with its strategy to build a full-service energy engineering business [1] - The deal involves HTOO issuing 19.99% of its ordinary shares along with convertible preferred shares [1] Group 2: Strategic Benefits - QIND, headquartered in Dubai, specializes in the energy sector and serves nearly 40,000 customers across the Middle East, with reported revenues of $11 million and net income of $1.8 million in 2023 [2] - The combination of Fusion Fuel and QIND is expected to create significant synergies, particularly in the clean hydrogen sector and gas utility value chain [3] Group 3: Market Expansion - The acquisition will enable QIND to expand its offerings in European markets, where demand for gas engineering expertise is rising [4] - Fusion Fuel will extend its hydrogen engineering services in the Middle East, which is experiencing growing demand and investment in clean energy [4] Group 4: Business Strategy Adjustment - Following the insolvency filing of Fusion Fuel's Portuguese subsidiary, the company is recalibrating its business strategy to focus on enhancing hydrogen engineering and advisory offerings [5] Group 5: Price Performance - HTOO's shares have decreased by 74.3% over the past year, contrasting with the industry's growth of 24.2% [6] Group 6: Zacks Rank and Comparisons - Fusion Fuel currently holds a Zacks Rank of 3 (Hold), while Graham Corporation (GHM) has a Zacks Rank of 1 (Strong Buy) [7] - GHM's 2024 earnings estimate indicates a year-over-year growth of 145.2%, with shares gaining 135.8% in a year [8] - Federal Signal Corporation (FSS) and RBC Bearings Incorporated (RBC) also show positive growth, with FSS's shares gaining 40% and RBC's shares gaining 37.5% in a year [9]

Core Insights - Ilustrato Pictures International Inc. (ILUS) has signed a Stock Purchase Agreement with Fusion Fuel Green PLC to allow Fusion Fuel to acquire a 69.36% stake in Quality Industrial Corp. (QIND) [1][2] - As a result of this transaction, ILUS will hold a 55.38% stake in Fusion Fuel on a fully diluted basis, pending shareholder approval for the conversion of preferred shares [1][2] - The acquisition is expected to enhance Fusion Fuel's position in the clean hydrogen sector and support QIND's growth plans, including expansion into European markets [2] Company Developments - ILUS CEO Nicolas Link expressed satisfaction with the completion of the transaction, highlighting the commitment of the QIND team over the past 18 months [3] - The acquisition positions QIND to advance its mergers and acquisitions strategy as a subsidiary of a NASDAQ-listed company [3] - ILUS aims to create a mini conglomerate through multiple acquisitions and uplistings, with plans for a shareholder meeting in early 2025 to outline future strategies [3]

DUBLIN, Ireland, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), a leading green hydrogen technology and engineering company, today announced it has signed a binding agreement to acquire an approximately 70% ownership interest in Quality Industrial Corp., a Nevada corporation (“QIND”) (OTC PINK: QIND) from its controlling shareholders (“the QIND sellers”). QIND operates in the gas supply and services sector, with expertise across the industrial and ut ...

Core Viewpoint - Fusion Fuel Green Plc has filed a damages claim against Hydrogenial S.A. due to their failure to fund a $33.5 million Subscription Agreement, which has led to significant operational challenges for the company [1][2][3]. Group 1: Subscription Agreement Details - The Subscription Agreement, signed on August 28, 2024, involved Hydrogenial committing to purchase 43,790,850 Class A ordinary shares and warrants for a total of $33.5 million [1]. - The closing of the agreement was scheduled for September 30, 2024, but Hydrogenial failed to provide timely funding despite all conditions being met [2]. - A revised closing date of October 25, 2024, was proposed by Hydrogenial, but as of now, Fusion Fuel has not received any proceeds from the investment [2]. Group 2: Consequences of Funding Delay - As a direct result of the funding delay, Fusion Fuel has filed for insolvency for its Portuguese subsidiary, Fusion Fuel Portugal S.A., which was crucial for the company's technology sales and project development [3]. - The company has submitted a claim in Portugal for damages incurred due to Hydrogenial's breach, while asserting that the Investor's obligations under the Subscription Agreement remain in effect [3]. Group 3: Strategic Alternatives - In light of these developments, Fusion Fuel is exploring strategic alternatives to preserve shareholder value, including potential transactions that could enhance its hydrogen business and create significant synergies [4].

SABUGO, Portugal, June 05, 2024 (GLOBE NEWSWIRE) -- Fusion Fuel Green plc (NASDAQ:HTOO) ("Fusion Fuel"), an emerging leader in the green hydrogen sector, today announced financial results for the first quarter ended March 31, 2024. The quarterly shareholder letter is available at https://ir.fusion-fuel.eu/financials- filings/earnings-releases First Quarter 2024 Highlights Investor Relations Contact ir@fusion-fuel.eu Received notification of IPCEI approval from European Commission for 630 MW HEVO-Portugal Pr ...

Company Overview - Fusion Fuel Green plc is an emerging leader in the green hydrogen sector, focusing on accelerating the energy transition through innovative clean hydrogen solutions [4] - The company's patented miniaturized Proton Exchange Membrane (PEM) electrolyzer, HEVO, offers modularity, flexibility, and reliability in small-to-midscale green hydrogen production [4] - Business lines include the sale of electrolyzer systems, development and sale of turnkey hydrogen plants, and provision of end-to-end project engineering and advisory services [4] Financial and Operational Highlights - The company announced financial results for the first quarter ended March 31, 2024, with a quarterly shareholder letter available online [1] - Raised approximately €6 million through an at-the-market program to strengthen its capital position [5] - Received a €1.015 million grant from the European Commission as part of the H2tALENT consortium [5] - Drew down the first tranche ($1.15 million) of the Macquarie convertible note facility [5] Project Developments - Received notification of IPCEI approval from the European Commission for the 630 MW HEVO-Portugal Project [5] - Secured provisional grant approval for the 25 MW HEVO-Aveiro green hydrogen project [5] - Completed installation of a 300 kW HEVO-Chain system for a global cement major [5] - Signed a technology sale contract for a 100 kW HEVO-Chain system for a hospital client in Iberia [5] Strategic Initiatives - Implemented a portfolio approach with strategic commercial relationships, enabling multi-project follow-on opportunities [5] - Convened an Extraordinary General Meeting (EGM) to secure shareholder approval for allotting securities above the 20% annual cap [5] Investor Engagement - Hosted a live conference call and webcast on June 5, 2024, to discuss first-quarter results and updates [2][3] - The webcast is accessible through the company's website, with a replay available for a limited time [3]

ir@fusion-fuel.eu About Fusion Fuel Green plc Fusion Fuel is an emerging leader in the green hydrogen sector committed to accelerating the energy transition through the development of disruptive, clean hydrogen solutions. Fusion Fuel's patented miniaturized Proton Exchange Membrane (PEM) electrolyzer – the HEVO – and building-block approach to green hydrogen production, unlock unprecedented modularity, flexibility, and reliability in the design and deployment of small- to-midscale green hydrogen solutions. ...

Frederico Figueira de Chaves, Fusion Fuel's CEO, commented, "We are delighted to announce the signing of this contract, which also marks our initial inroads into a new industry segment as the end-user is a hospital in Iberia. It's also interesting to note that the primary driver of this opportunity is to secure the supply of medical- grade green oxygen for use at the facility. We are thrilled to add a second project utilizing our oxygen capture system, first piloted at our project for a cement client earlie ...