Fusion Fuel Green PLC's Important Contracts in Dubai
Fusion Fuel Green PLC (NASDAQ: HTOO), based in Dublin, Ireland, has recently announced a significant milestone for the company by securing two engineering contracts worth around $1.37 million. These contracts are a testament to the company's growth and commitment to providing robust energy solutions. The projects, undertaken by Al Shola Al Modea Gas Distribution LLC, represent strategic expansion into the Dubai market, a region known for its evolving infrastructure and development projects.
Details of the Engineering Contracts
The contracts encompass the complete design, construction, and commissioning of central Liquefied Petroleum Gas (LPG) systems for two major residential developments in Dubai. These transactions are expected to bring in an additional annual recurring revenue of approximately $629,000 from LPG supply, reflecting a consistent income stream for Fusion Fuel Green PLC.
Motor City Project Overview
The first contract focuses on a sprawling mixed-use residential complex located in Motor City, Dubai. This ambitious project comprises seven residential towers housing 2,900 residential units, alongside 18 commercial boiler rooms and various food and beverage outlets. With a project value estimated at $1.23 million, this initiative is projected to generate around $630,000 annually from LPG supply, establishing it as one of the principal projects within Al Shola Gas's portfolio.
Al Furjan Residential Buildings
The second contract pertains to the construction of LPG systems for two residential buildings situated in Al Furjan, a vibrant locality in Dubai, containing a total of 333 apartments. Valued at $136,000, this project marks the first collaboration between Al Shola Gas and the developer. Currently, discussions are underway regarding the operational contract for LPG supply once the buildings are completed.
Expansion and Future Prospects
These contracts were awarded in the final week of November 2025, capping off a successful month for Al Shola Gas, which also secured additional contracts totaling approximately $328,000. Sanjeeb Safir, Managing Director of Al Shola Gas, commented on the significance of these projects, stating, "These project awards demonstrate the continued expansion of our engineered gas systems business in Dubai." The developments not only enhance the company's operational scale but also diversify its clientele within the UAE.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC is an emerging leader in energy services, offering a comprehensive array of solutions focused on energy supply, distribution, as well as engineering and advisory services. The company operates through its subsidiaries, including Al Shola Gas, Bright Hydrogen Solutions Ltd, and BioSteam Energy. Al Shola Gas specializes in providing comprehensive industrial gas solutions and excels in the design, supply, and maintenance of LPG systems. Meanwhile, Bright Hydrogen Solutions aims to facilitate decarbonization efforts in various sectors, while BioSteam Energy focuses on introducing biomass-powered industrial steam solutions for its clients.
Frequently Asked Questions
What are the total values of the contracts signed by Fusion Fuel Green PLC?
The contracts total approximately $1.37 million for engineering services related to residential developments.
What is the expected annual revenue from these contracts?
These contracts are expected to generate an additional recurring revenue of around $629,000 from LPG supply.
Where are the residential developments located?
The residential developments are located in Dubai, specifically in areas such as Motor City and Al Furjan.
What key services does Fusion Fuel Green PLC offer?
Fusion Fuel Green PLC provides energy services including engineering, advisory, and utility solutions, with a focus on LPG systems and hydrogen solutions.
Who is the Managing Director of Al Shola Gas?
Sanjeeb Safir serves as the Managing Director of Al Shola Gas, highlighting the growth and client diversification strategy of the company.
