Fusion Fuel Announces Approximately $1.4 Million in New LPG Engineering Subcontracts Signed in Dubai, UAE, with Potential Annual Utility Revenue of Up to $1.0 Million
Fusion Fuel Announces Approximately $1.4 Million in New LPG Engineering Subcontracts Signed in Dubai, UAE, with Potential Annual Utility Revenue of Up to $1.0 Million
Fusion Fuel (Nasdaq: HTOO) announced that its indirect UAE subsidiary, Al Shola Al Modea Gas Distribution, signed 10 LPG engineering subcontracts in June and July 2026 with an anticipated aggregate value of about AED 5.14 million ($1.4 million). The June awards comprise three Dubai projects worth approximately AED 4.5 million ($1.24 million), including a multi-tower Motor City development with around 2,974 apartments and an expected project value of AED 3.45 million ($945,500). The seven July projects in various Dubai districts total roughly AED 642,410 ($175,000) and together the projects are expected to serve over 3,450 residential units.
According to the company, several of these subcontracts could also generate combined potential annual utility revenue of AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million). Al Shola Gas additionally entered an LPG supply agreement with an Abu Dhabi-based hospitality group that, if expanded as contemplated over about 18 months, is estimated to represent further potential revenue of AED 3.0 million to AED 4.0 million ($820,000 to $1.09 million).
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Positive
10 LPG engineering subcontracts signed with total anticipated value of about AED 5.14 million ($1.4 million)
3 major June 2026 projects in Dubai worth approximately AED 4.5 million ($1.24 million), including a Motor City development at AED 3.45 million ($945,500)
Potential annual utility revenue from recent projects estimated at AED 2.95–3.75 million ($805,000–$1.02 million)
New LPG supply agreement with Abu Dhabi hospitality group, potential additional revenue of AED 3.0–4.0 million ($820,000–$1.09 million)
Negative
Most disclosed revenue figures are potential and contingent on project performance and the award of additional LPG supply business over roughly 18 months
Market Context
HTOO has an active F-3 resale registration that does not provide proceeds from resales. That platfor...
Analysis
HTOO has an active F-3 resale registration that does not provide proceeds from resales. That platform record frames the LPG contracts as operating execution, with performance requirements and contemplated awards remaining key risks.
Key Figures
Engineering subcontracts:10 projectsAggregate project value:AED 5.14 million ($1.4 million)June project value:AED 4.5 million ($1.24 million)+5 more
8 metrics
Engineering subcontracts10 projectsSigned during June and July 2026
Aggregate project valueAED 5.14 million ($1.4 million)10 LPG engineering subcontracts
June project valueAED 4.5 million ($1.24 million)Three projects awarded during June 2026
July project valueAED 642,410 ($175,000)Seven projects awarded during July 2026
Residential unitsMore than 3,450 unitsUnits covered by the projects
Largest developmentApproximately 2,974 apartmentsMulti-tower residential development in Motor City
Annual utility revenueAED 2.95 million to AED 3.75 million ($805,000 to $1.02 million)Potential revenue from utility operations
Hospitality revenue opportunityAED 3.0 million to AED 4.0 million ($820,000 to $1.09 million)Potential additional LPG supply revenue over approximately 18 months
Presentation outlined operational priorities and 2026–2027 revenue targets
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
HTOO's recent positive announcements were more often followed by positive or unchanged price reactions, with one notable negative divergence.
Key Terms
lpg, liquefied petroleum gas, bulk lpg
3 terms
lpgtechnical
"industrial liquefied petroleum gas (“LPG”) engineering and distribution company"
Liquefied petroleum gas (LPG) is a flammable mix of light hydrocarbons, stored as a liquid under modest pressure and used for heating, cooking, industrial processes, and as vehicle fuel. Investors watch LPG because its supply, price and storage costs affect energy companies, utilities and manufacturers that rely on it—think of it as the bottled fuel that heats homes and powers equipment, so changes in availability or price can influence earnings and inflation-sensitive sectors.
liquefied petroleum gastechnical
"industrial liquefied petroleum gas (“LPG”) engineering and distribution company"
A light hydrocarbon mixture—mainly propane and butane—stored as a liquid under pressure and used for heating, cooking, transportation and as an industrial feedstock. Think of it as bottled natural gas that can be moved and sold where pipelines don’t reach; its price and availability affect fuel costs, shipping and refinery profits, so changes in supply, demand or storage can influence energy company earnings and investor returns.
bulk lpgtechnical
"additional cylinder and bulk LPG supply projects will be awarded"
Bulk LPG is liquefied petroleum gas sold, stored, and transported in large volumes for commercial, industrial, or utility use, typically held in tanks and moved by pipelines or tanker trucks instead of small consumer cylinders. It matters to investors because bulk operations require storage and transport infrastructure, often involve long-term supply contracts and recurring deliveries, and expose a business to commodity price swings, capital spending and logistics risks — like supplying a city's heating system versus selling camping gas canisters.
Projects Expected to Support More Than 3,450 Residential Units
Supply Agreement with Abu Dhabi-based Hospitality Group Represents Additional Potential Revenue Opportunity of $817,000 to $1.09 Million
Dublin, Ireland, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a diversified energy platform, today announced that its indirect subsidiary, Al Shola Al Modea Gas Distribution L.L.C. (“Al Shola Gas”), an industrial liquefied petroleum gas (“LPG”) engineering and distribution company with operations in the United Arab Emirates (“UAE”), signed subcontracts for 10 LPG engineering projects during June and July 2026 with an anticipated aggregate project value of approximately AED 5.14 million ($1.4 million) and the potential for annual revenue from utility operations at several of these projects. The Company also announced an LPG supply agreement with an Abu Dhabi-based hospitality group.
The 10 new LPG engineering subcontracts comprise three projects awarded during June 2026 with an expected combined project value of approximately AED 4.5 million ($1.24 million) and seven additional projects awarded during July 2026 with an aggregate value of approximately AED 642,410 ($175,000).The three new projects awarded during June 2026 are located in Dubai South, Motor City and Studio City in Dubai, UAE. The projects relate to more than 3,450 residential units, with the largest award being a multi-tower residential development in Motor City with approximately 2,974 apartments and an anticipated engineering project value of approximately AED 3.45 million ($945,500). The seven projects awarded during July 2026 are located in Dubai’s Karama, Oud Metha, Dubailand, Al Quoz and Dubai Investments Park areas.
In addition to engineering revenue, the Company expects that several of the recent subcontracts will generate annual utility revenue. The Motor City and Studio City projects, together with projects relating to other properties, represent combined potential annual utility revenue of approximately AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million).
Al Shola Gas also entered into a supply agreement with an Abu Dhabi-based hospitality group covering selected catering and food production units. Subject to performance requirements, the Company expects that additional cylinder and bulk LPG supply projects will be awarded over approximately 18 months. If additional supply projects are awarded as contemplated, Al Shola Gas estimates the relationship could represent an additional AED 3.0 million to AED 4.0 million ($820,000 to $1.09 million) in potential revenue.
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel, commented, “These projects reflect the continued momentum of our engineering and utility services business across key residential growth markets in Dubai. Our indirect subsidiary Al Shola Gas signed subcontracts for engineering projects representing approximately $1.4 million in project value. The related utility operations have the potential to generate up to approximately $1.0 million in annual revenue. In addition, our new supply agreement with an Abu Dhabi-based hospitality group represents a potential revenue opportunity of approximately $817,000 to $1.09 million, subject to performance and the contemplated award of additional business over the next 18 months. Combined with our other LPG distribution operations, we believe these projects reflect the growth potential of our diversified business model and support our strategy of building a growing base of predictable, long-term cash flows.”
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (Nasdaq: HTOO) is a diversified energy platform offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its operating businesses Al Shola Gas, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”) and Biosteam Energy (Proprietary) Limited (“BioSteam Energy”). Al Shola Gas provides full-service industrial LPG solutions, including the design, supply, and maintenance of LPG systems, as well as the transport and distribution of LPG across commercial, industrial, and residential sectors. BrightHy Solutions, the Company’s hydrogen solutions platform, delivers engineering and advisory services enabling decarbonization across hard-to-abate industries. BioSteam Energy provides biomass-powered industrial steam solutions to clients. Through Royal Uranium Inc., the Company also holds a portfolio of uranium and natural gas royalty and other interests across Canada, Colombia and Argentina.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance and can be identified by words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology. Forward-looking statements in this press release include, but are not limited to, statements regarding: the anticipated aggregate project value of the 10 LPG engineering subcontracts of approximately AED 5.14 million ($1.4 million); the expected combined project value of the three new LPG engineering projects of approximately AED 4.5 million ($1.24 million); the expected aggregate value of the seven additional LPG engineering projects awarded during July 2026 of approximately AED 642,410 ($175,000); the expectation of combined potential annual utility revenue of approximately AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million) from the Motor City, Studio City, and other projects; the expectation that additional cylinder and bulk LPG supply projects under the supply agreement with an Abu Dhabi-based hospitality group will be awarded over approximately 18 months; the potential revenue of up to an additional AED 3.0 million to AED 4.0 million ($820,000 to $1.09 million) from the hospitality group supply relationship; the potential to generate up to approximately $1.0 million in annual utility revenue; and the Company’s strategy of building a growing base of predictable, long-term cash flows. These forward-looking statements are based on current expectations and assumptions and are not guarantees of future performance, conditions, or results. They involve known and unknown risks, uncertainties, and other important factors, many of which are outside the Company’s control, that could cause actual results to differ materially from those expressed or implied, including, without limitation: geopolitical instability or armed conflict in the Middle East region that could disrupt Al Shola Gas’s operations in the UAE; the Company’s ability to support the expansion of the operations of Al Shola Gas; Al Shola Gas’s ability to execute awarded LPG engineering projects on time and within budget; the risk that developers or general contractors may delay, modify, or cancel contemplated projects, thereby reducing or eliminating anticipated subcontract revenue; the success or failure of Al Shola Gas to obtain utility operations subcontracts upon completion of the engineering projects; the ability of the parties to satisfy performance requirements and other conditions necessary for additional LPG supply projects under the hospitality group supply agreement to be awarded as contemplated; fluctuations in demand for LPG engineering and distribution services; regulatory approvals and compliance requirements affecting LPG distribution and engineering services in the UAE; volatility in energy markets and commodity prices; Al Shola Gas’s ability to obtain sufficient financing to support operations and growth initiatives; risks related to foreign exchange, including the potential for adjustment of the AED/USD exchange rate that could reduce the U.S. dollar value of the contemplated projects; risks associated with operating internationally, including in the UAE; and the risks and uncertainties described in Exhibit 99.2 to the Report on Form 6-K/A furnished by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on July 29, 2026, the Company’s Annual Report on Form 20-F filed with the SEC on May 7, 2026, and other filings with the SEC. Actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. All forward-looking statements in this press release are qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances that may arise after the date hereof, except as required by law.
What new LPG engineering contracts did Fusion Fuel (NASDAQ: HTOO) announce on August 20, 2026?
Fusion Fuel announced 10 new LPG engineering subcontracts via its indirect UAE subsidiary, Al Shola Gas, with an anticipated aggregate value of about AED 5.14 million ($1.4 million). According to the company, these projects were awarded in June and July 2026 across multiple residential developments in Dubai.
How much potential annual utility revenue could Fusion Fuel (HTOO) earn from the new Dubai LPG projects?
Fusion Fuel estimates combined potential annual utility revenue of approximately AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million) from several recent subcontracts. According to the company, this includes Motor City, Studio City and other properties where Al Shola Gas expects recurring LPG utility operations.
What is the potential value of Fusion Fuel’s LPG supply agreement with the Abu Dhabi hospitality group?
The LPG supply relationship could represent additional potential revenue of AED 3.0 million to AED 4.0 million ($820,000 to $1.09 million) for Fusion Fuel’s Al Shola Gas. According to the company, this depends on performance and contemplated awards of more cylinder and bulk LPG projects over about 18 months.
How many residential units will Fusion Fuel’s new LPG engineering projects in Dubai serve?
Fusion Fuel’s new LPG engineering projects are expected to relate to more than 3,450 residential units across Dubai. According to the company, the largest is a multi-tower Motor City project with about 2,974 apartments, complemented by additional projects in Dubai South, Studio City and other districts.
Where are Fusion Fuel’s newly awarded LPG engineering projects located in the UAE?
Fusion Fuel’s newly awarded LPG engineering projects are primarily located in Dubai, including Dubai South, Motor City, Studio City, Karama, Oud Metha, Dubailand, Al Quoz and Dubai Investments Park. According to the company, these sites collectively underpin the AED 5.14 million ($1.4 million) anticipated project value.
Over what timeframe could Fusion Fuel (HTOO) secure additional LPG supply business from the Abu Dhabi hospitality agreement?
Fusion Fuel expects potential additional cylinder and bulk LPG supply projects to be awarded over approximately 18 months under the Abu Dhabi hospitality relationship. According to the company, if these contemplated projects materialize, they could bring AED 3.0 million to AED 4.0 million ($820,000 to $1.09 million) in revenue.
