Fusion Welcome-Fuel, S.A. and HL Acquisitions Corp. (NASDAQ: HCCH) Announce Business Combination
HL Acquisitions has entered into a definitive agreement to acquire 100% of the equity interests of Fusion Fuel, an emerging leader in the green hydrogen space.
Fusion Fuel has developed a proprietary electrolysis solution that enables the production of emissions-free, renewable hydrogen on a cost basis comparable with brown hydrogen.
HL Acquisitions Corp. is a $55 million public investment vehicle listed on Nasdaq
We started HL because we believe opportunities exist to capitalize on the systemic shifts upending global energy markets. While our initial focus was on opportunities in the hydrocarbon logistics space, in the nearly two years since HL’s IPO, the issues of climate change and the global energy transition have become increasingly top of mind for governments, businesses, and investors alike. With that in mind, we shifted our focus towards how to best capitalize on opportunities to play a leading role in the decarbonization movement.