Fusion Fuel, a green hydrogen firm, has undergone a significant strategic shift following the insolvency of its Portuguese subsidiary. The company has announced an agreement to acquire a 70% stake in Dubai-based Quality Industrial Corp. (QIND), a gas supply and services company specializing in LPG systems. This move comes as Fusion Fuel aims to build a full-service energy engineering business that combines capabilities in traditional and clean energy sectors. To fund this acquisition, Fusion Fuel will issue 19.99% of its shares to QIND's current shareholders, ultimately leading to a 70% controlling stake for QIND in Fusion Fuel. The company views this transaction as a strategic realignment and a shift in ownership control, especially after its Portuguese subsidiary faced insolvency due to a failed investor deal. Despite this setback, Fusion Fuel is optimistic about the green hydrogen market and plans to focus on enhancing its hydrogen engineering and advisory services, prioritizing the integration of the newly acquired gas services business. Fusion Fuel's CEO emphasized the strong demand for their services and the long-term growth opportunities in the clean hydrogen sector. The company, previously known for its initiatives in southern European green hydrogen, is now establishing a profitable foundation through this acquisition to meet market needs and prepare for future expansion.