Fusion Fuel Announces Over $1.2 Million in New Gas Engineering Projects for Subsidiary Al Shola Gas, Building on Strong 2025 Contract Momentum
Fusion Fuel (NASDAQ:HTOO) announced that its subsidiary Al Shola Gas has secured AED 4.4 million (~$1.2 million) in new engineering and utility projects in Dubai, UAE. This follows their previous announcement of $2.7 million in engineering contracts and 1,800 new residential service contracts secured since early 2025.
The new projects include a Dubai Marina Development DBOM contract for 620 residential units, a Business Bay Tower project with 242 apartments, a Satwa Mid-Rise Development with 240 apartments, and four smaller cluster projects. Al Shola Gas's utility billing footprint has exceeded 12,000 active customers, with bulk LPG supply volumes over 600 metric tons monthly and targeting 800 metric tons by year-end.
Fusion Fuel (NASDAQ:HTOO) ha annunciato che la sua controllata Al Shola Gas ha ottenuto 4,4 milioni di AED (~1,2 milioni di dollari) in nuovi progetti di ingegneria e servizi pubblici a Dubai, Emirati Arabi Uniti. Questo segue il precedente annuncio di 2,7 milioni di dollari in contratti di ingegneria e 1.800 nuovi contratti di servizio residenziale acquisiti dall'inizio del 2025.
I nuovi progetti comprendono un contratto DBOM per uno sviluppo a Dubai Marina con 620 unità residenziali, un progetto Business Bay Tower con 242 appartamenti, uno sviluppo a media altezza a Satwa con 240 appartamenti e quattro progetti cluster più piccoli. La presenza di Al Shola Gas nella fatturazione dei servizi pubblici ha superato i 12.000 clienti attivi, con volumi di fornitura di GPL all'ingrosso oltre 600 tonnellate metriche mensili e un obiettivo di 800 tonnellate metriche entro la fine dell'anno.
Fusion Fuel (NASDAQ:HTOO) anunció que su subsidiaria Al Shola Gas ha asegurado 4,4 millones de AED (~1,2 millones de dólares) en nuevos proyectos de ingeniería y servicios públicos en Dubái, Emiratos Árabes Unidos. Esto sigue a su anuncio previo de 2,7 millones de dólares en contratos de ingeniería y 1.800 nuevos contratos de servicio residencial conseguidos desde principios de 2025.
Los nuevos proyectos incluyen un contrato DBOM para un desarrollo en Dubai Marina con 620 unidades residenciales, un proyecto en Business Bay Tower con 242 apartamentos, un desarrollo de altura media en Satwa con 240 apartamentos y cuatro proyectos de clúster más pequeños. La huella de facturación de servicios públicos de Al Shola Gas ha superado los 12.000 clientes activos, con volúmenes de suministro a granel de GLP superiores a 600 toneladas métricas mensuales y un objetivo de 800 toneladas métricas para fin de año.
Fusion Fuel (NASDAQ:HTOO)는 자회사 Al Shola Gas가 아랍에미리트 두바이에서 440만 AED(약 120만 달러) 규모의 새로운 엔지니어링 및 유틸리티 프로젝트를 확보했다고 발표했습니다. 이는 2025년 초부터 확보한 270만 달러 규모의 엔지니어링 계약과 1,800건의 신규 주거 서비스 계약에 이은 소식입니다.
새 프로젝트에는 두바이 마리나 개발 DBOM 계약으로 620가구, 비즈니스 베이 타워 프로젝트로 242개 아파트, 사트와 중층 개발로 240개 아파트, 그리고 4개의 소규모 클러스터 프로젝트가 포함됩니다. Al Shola Gas의 유틸리티 청구 고객 수는 12,000명 이상의 활성 고객을 넘었으며, 월간 대량 LPG 공급량은 600미터톤 이상이고 연말까지 800미터톤을 목표로 하고 있습니다.
Fusion Fuel (NASDAQ:HTOO) a annoncé que sa filiale Al Shola Gas a obtenu 4,4 millions AED (~1,2 million de dollars) dans de nouveaux projets d'ingénierie et de services publics à Dubaï, Émirats arabes unis. Cela fait suite à leur annonce précédente de 2,7 millions de dollars en contrats d'ingénierie et 1 800 nouveaux contrats de service résidentiel obtenus depuis début 2025.
Les nouveaux projets incluent un contrat DBOM pour un développement à Dubai Marina de 620 unités résidentielles, un projet Business Bay Tower avec 242 appartements, un développement de moyenne hauteur à Satwa avec 240 appartements, ainsi que quatre petits projets en cluster. La présence d'Al Shola Gas dans la facturation des services publics a dépassé 12 000 clients actifs, avec des volumes d'approvisionnement en GPL en vrac de plus de 600 tonnes métriques par mois et un objectif de 800 tonnes métriques d'ici la fin de l'année.
Fusion Fuel (NASDAQ:HTOO) gab bekannt, dass seine Tochtergesellschaft Al Shola Gas neue Ingenieur- und Versorgungsprojekte in Dubai, VAE, im Wert von 4,4 Millionen AED (~1,2 Millionen US-Dollar) gesichert hat. Dies folgt auf die vorherige Ankündigung von 2,7 Millionen US-Dollar an Ingenieurverträgen und 1.800 neuen Wohnserviceverträgen, die seit Anfang 2025 abgeschlossen wurden.
Zu den neuen Projekten gehören ein DBOM-Vertrag für eine Entwicklung in Dubai Marina mit 620 Wohneinheiten, ein Business Bay Tower-Projekt mit 242 Apartments, eine Mid-Rise-Entwicklung in Satwa mit 240 Apartments sowie vier kleinere Cluster-Projekte. Der Versorgungsabrechnungsbereich von Al Shola Gas hat 12.000 aktive Kunden überschritten, mit monatlichen Großmengen an LPG-Lieferungen von über 600 metrischen Tonnen und einem Ziel von 800 metrischen Tonnen bis zum Jahresende.
- Secured $1.2 million in new engineering projects, following $2.7 million in previous contracts
- Strong utility billing footprint with over 12,000 active customers
- Bulk LPG supply volumes exceeding 600 metric tons monthly with 10-20 metric tons monthly organic growth
- All new projects will convert to recurring revenue through long-term utility service contracts
- None.
Insights
Fusion Fuel's subsidiary secured $1.2M in new contracts, expanding its recurring revenue base with 12,000+ utility customers and growing LPG supply volumes.
Fusion Fuel's majority-owned subsidiary Al Shola Gas has secured
The new contracts include several significant residential developments:
- Dubai Marina Development: A Design-Build-Operate-Maintain (DBOM) contract valued at
AED 885,000 for 620 apartments and 5 retail outlets - Business Bay Tower: High-rise development contract worth
AED 395,000 for 242 apartments and 3 retail outlets - Satwa Mid-Rise Development:
AED 2.6 million contract for 240 apartments - Four smaller cluster projects totaling
AED 520,000
What's particularly noteworthy is Al Shola's utility business model. These engineering projects will convert to recurring revenue through long-term utility service contracts, strengthening the company's predictable income streams. The subsidiary already serves over 12,000 active utility customers, creating a growing base of recurring revenue.
On the operational side, Al Shola's bulk LPG supply business is showing solid growth, currently exceeding 600 metric tons monthly with consistent organic growth of 10-20 metric tons per month. Management maintains its target of reaching 800 metric tons monthly by year-end, which would represent a
This announcement reinforces Fusion Fuel's strategic shift toward building cash-generating infrastructure assets that combine upfront engineering revenue with higher-margin recurring utility income. The continued contract momentum suggests market validation of their business model in Dubai's expanding residential energy sector.
DUBLIN, June 24, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) ("Fusion Fuel" or the "Company"), a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its majority-owned operating subsidiary, Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), has secured an additional AED 4.4 million (~
These latest awards follow the Company’s May 22, 2025, announcement that Al Shola Gas had secured over
Overview of New Engineering Projects
- Dubai Marina Development—DBOM contract for 620 residential apartments and 5 retail outlets. The total contract value is AED 885,000. All units will be serviced under utility agreements.
- Business Bay Tower – High-rise with 3 basements, ground floor, 32 residential levels – 242 apartments and 3 retail outlets. Contract value: AED 395,000.
- Satwa Mid-Rise Development – 13 floors plus roof access – 240 apartments. The total contract value is AED 2.6 million.
- Additional Cluster Projects – Four smaller projects across Dubai, collectively valued at AED 520,000.
All new projects will convert to recurring revenue through Al Shola Gas’s long-term utility service contracts.
“We continue to see strong demand for our end-to-end energy infrastructure solutions, particularly in Dubai’s high-density residential sector,” said Sanjeeb Safir, Managing Director of Al Shola Gas. “These contracts build on the strong base established earlier this year and reinforce our positioning as the partner of choice for developers requiring reliable, compliant, and efficient LPG system delivery and service.”
Update on Utility Business and Bulk LPG Supply
With the addition of these new projects, Al Shola Gas continues to expand its utility billing footprint, which surpassed 12,000 active customers earlier this year. The Company expects continued growth in recurring revenue as contracted assets are commissioned.
Bulk LPG supply remains robust, with current volumes consistently exceeding 600 metric tons per month, supported by organic growth of 10–20 metric tons monthly. With additional delivery capacity expected to come online, Al Shola Gas maintains its target of reaching 800 metric tons monthly by year-end.
“These awards are a clear continuation of the momentum we outlined in our May update,” said John-Paul Backwell, CEO of Fusion Fuel. “The combination of engineering revenue and high-margin recurring utility income represents the execution of our strategy to build durable, cash-generating infrastructure assets in the region.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.
Forward-Looking Statements
This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, which are based on assumptions as to future events that may not prove to be accurate, and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Such forward-looking statements are subject to risks and uncertainties, including without limitation, those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements.
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FAQ
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