Fusion Fuel's Recent Growth in Utility Contracts
Dublin, Ireland -- Fusion Fuel Green PLC (NASDAQ: HTOO), a key player in energy engineering and utility solutions, has announced considerable progress through its subsidiary, Al Shola Gas. This success includes securing over $2.7 million in new engineering contracts, reflecting the company’s strong position in the energy sector.
Impressive New Engineering Contracts
Since March 2025, Al Shola Gas has entered into several significant contracts with a combined estimated value of approximately $2.7 million. These contracts focus on comprehensive design, supply, installation, maintenance, and operational services.
The recent contracts highlight Al Shola Gas's reputation for undertaking high-quality, demanding projects within the industry. Managing Director, Sanjeeb Safir, emphasized that this growth is bolstered by increased migration and a booming construction sector in the region.
Residential Utility Solutions
This year, Al Shola Gas has also focused on residential utility solutions, successfully signing contracts to supply and maintain liquefied petroleum gas (LPG) services to over 1,800 new apartments across 16 buildings in Dubai. The anticipated annual revenue from these contracts could reach around $0.9 million, revealing a robust demand for their services.
As a result, Al Shola Gas will expand its customer base, now serving a total of more than 12,000 utility solution clients. This significant increase demonstrates the company’s commitment to meeting the growing energy demands in the residential sector.
Commercial Contracts and New Clients
In addition to residential contracts, Al Shola Gas is making strides within the commercial sector. Since January 2025, they have also secured LPG supply and maintenance contracts for two food and beverage facilities. With these new contracts, Al Shola Gas now oversees billing for over 170 food and beverage outlets, further solidifying their presence in the commercial market.
Bulk LPG Supply Expansion
The bulk supply of LPG by Al Shola Gas continues to grow significantly, having consistently exceeded 600 metric tons (MT) each month. The company has reported a steady organic increase of 10 to 20 MT per month. With the recent acquisition of additional bobtail trucks, Al Shola Gas anticipates boosting monthly bulk LPG supply to an impressive 800 MT by the end of the year.
CEO John-Paul Backwell remarked on the impressive operational results and commercial momentum, affirming that these new contracts reflect the confidence in Fusion Fuel's capabilities while contributing positively to its long-term revenue pipeline.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in energy services, providing essential energy supply, distribution, and engineering solutions. Through its Al Shola Gas and BrightHy brands, Fusion Fuel offers a comprehensive range of services, including the design, supply, and maintenance of LPG systems, as well as transport and distribution to various sectors. The company is also dedicated to decarbonization through its innovative BrightHy platform, addressing the demands of hard-to-abate industries.
Frequently Asked Questions
What contracts has Fusion Fuel recently secured?
Fusion Fuel has secured over $2.7 million in new contracts, focusing on residential and commercial LPG supply and maintenance.
How many new residential service contracts were added?
Al Shola Gas added more than 1,800 residential service contracts to its portfolio this year.
What growth did Al Shola Gas see in its bulk LPG supply?
Al Shola Gas is supplying over 600 metric tons of bulk LPG monthly, increasing to an expected 800 MT by year-end.
What is the significance of the new contracts for Fusion Fuel?
The new contracts enhance Fusion Fuel's reputation and contribute to its long-term revenue through recurring utility income.
What role does the BrightHy platform play?
BrightHy delivers innovative engineering and advisory services aimed at achieving decarbonization in challenging industries, complementing Fusion Fuel's energy solutions.
