Exhibit 21.1
SUBSIDIARIES OF THE RESGISTRANT
| Entity Name | Place of Incorporation | |
| Vision Energy Holdings AG | Switzerland | |
| Evolution Terminals BV | The Netherlands | |
| Vision Energy UK Ltd. | The United Kingdom | |
| Evolution Operating BV | The Netherlands | |
| Evolution Terminals SPV II BV | The Netherlands | |
Vision Hydrogen BV |
The Netherlands |