
Beginning on Thursday, December 10, 2020, the Class A ordinary shares and warrants of Fusion Fuel Green PLC, the post-combination company, are expected to begin trading on the Nasdaq Global Market under the ticker symbols “HTOO” and “HTOOW,” respectively. HL’s units, ordinary shares, warrants and rights ceased trading on the Nasdaq Capital Market on December 9, 2020.
We are pleased to announce that Fusion Fuel has entered into a partnership with EREE Desarrollos Empresariales SL (EREE) to create a Joint Venture in Spain, "Fusion Fuel España", focused on developing and installing #greenhydrogen plants in Spain using Fusion Fuel’s technology.
HL Acquisitions Corp (NASDAQ: HCCH) and Fusion Fuel Green Ltd, jointly announce they have signed commitments for a private placement of 2.45 million shares of Fusion Fuel Green at a price of $10.25/share, representing gross proceeds of $25,112,500 (the “Private Placement”). The closing of the Private Placement is conditioned upon, and will occur simultaneously with, the consummation of the Business Combination Agreement (“BCA”), dated as of June 6, 2020.
Fusion Fuel and HL Acquisitions have entered into a definitive business combination agreement - allowing for the acceleration of the implementation of Fusion Fuel's vision and strategy.
Find out more in the updated investor presentation below.
Fusion Fuel and Climate Change Ventures are pleased to announce a strategic partnership to develop industry-leading Green Hydrogen projects in Southern Europe and North Africa. Joint projects under consideration include large-scale Green Hydrogen plants in Morocco, Greece and Croatia, all markets with potential for cost competitive hydrogen production.
Fusion Fuel's upcoming merger with HL Acquisitions Corp. along with its strategic Green Hydrogen projects in Sines are the focus of an article in this weekend's Expresso Economia.
Expresso is one of Portugal's best selling newspapers and is renowned for its editorial independence.
In the submission, Fusion Fuel has included its Sines 1-5 projects that are expected to run from 2020 to 2025, with a total project value of over €450m, requiring the creation of an additional assembly in the region.
These strategic projects are aligned with Portugal’s Hydrogen Strategy and its ambitious decarbonization targets.
Fusion Fuel is pleased to announce that it has been recognized as a “Company of Competence in Research & Development in the Technical-Scientific Management of Energy, Production Technologies and Processes, and Product Industry Technologies”, by Portugal’s National Innovation Agency (ANI).
This recognition has only been given to around 240 companies across the country. In addition, to recognizing the company’s capabilities and expertise, it also provides access to a set of tax benefits for both itself and entities that invest in it (SIFIDE program).
Fusion Fuel is proud to announce that it is included inPortugal's National Strategy for Hydrogen.
Fusion Fuel's revolutionary new technology as well as its first Green Hydrogen Plant in Portugal are both included in the list of strategic projects in the plan.