Fusion Fuel, a green hydrogen firm, has announced a significant shift in its strategy by acquiring a 70% stake in Quality Industrial Corp (QIND), a Dubai-based gas supply and services company. This move comes following the insolvency of Fusion Fuel's Portuguese subsidiary, which faced financial trouble due to an investor not paying $33.5 million for shares. The acquisition of QIND is seen as a strategic realignment and ownership control shift, with Fusion Fuel issuing shares to QIND's shareholders to fund the deal. This transaction will give QIND's shareholders a 70% controlling stake in Fusion Fuel. QIND specializes in consulting, designing, supplying, installing, and maintaining liquefied petroleum gas systems. Despite the challenges faced by its Portuguese subsidiary, Fusion Fuel views the acquisition as an opportunity to adjust its business strategy to better match current market conditions. The company plans to focus on enhancing its hydrogen engineering and advisory services, aiming to deliver valuable solutions with low CAPEX and a scalable business model. CEO Frederico Figueria de Chaves emphasized that demand for Fusion Fuel's services remains strong despite slow momentum in the green hydrogen market. Fusion Fuel's investment in the clean energy sector has been supported by funding from the Portuguese state and the European Commission. Additionally, the company has been working on the HEVO-Portugal project in Sines, which is expected to produce 62,000 tonnes of hydrogen annually. The project is part of the European Commission's Important Projects of Common European Interest (IPCEI) Hy2Infra program. The acquisition of QIND positions Fusion Fuel to address current market needs in the clean hydrogen sector and prepares it for future growth opportunities.