Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas
Fusion Fuel Green PLC (HTOO) announced significant business expansion through its subsidiary Al Shola Gas in Dubai. The company secured $2.7 million in new engineering contracts since March 2025 and added over 1,800 residential service contracts and two commercial service contracts, generating approximately $0.9 million in recurring revenue.
Al Shola Gas now serves over 12,000 residential customers and 170 food and beverage outlets. The company's bulk LPG supply exceeds 600 MT monthly, growing organically by 10-20 MT per month. With new bobtail trucks joining their fleet, they expect to reach 800 MT monthly in bulk LPG supply by year-end.
Fusion Fuel Green PLC (HTOO) ha annunciato una significativa espansione commerciale attraverso la sua controllata Al Shola Gas a Dubai. L'azienda ha ottenuto nuovi contratti di ingegneria per un valore di 2,7 milioni di dollari da marzo 2025 e ha aggiunto oltre 1.800 contratti di servizio residenziale e due contratti commerciali, generando circa 0,9 milioni di dollari di ricavi ricorrenti.
Al Shola Gas serve ora oltre 12.000 clienti residenziali e 170 punti vendita di alimenti e bevande. La fornitura all'ingrosso di GPL dell'azienda supera 600 tonnellate mensili, con una crescita organica di 10-20 tonnellate al mese. Con l'aggiunta di nuovi camion bobtail alla loro flotta, prevedono di raggiungere 800 tonnellate mensili di fornitura di GPL all'ingrosso entro la fine dell'anno.
Fusion Fuel Green PLC (HTOO) anunció una expansión significativa de negocios a través de su subsidiaria Al Shola Gas en Dubái. La compañía aseguró contratos de ingeniería por un valor de 2,7 millones de dólares desde marzo de 2025 y añadió más de 1,800 contratos de servicio residencial y dos contratos comerciales, generando aproximadamente 0,9 millones de dólares en ingresos recurrentes.
Al Shola Gas ahora atiende a más de 12,000 clientes residenciales y 170 establecimientos de alimentos y bebidas. El suministro a granel de GLP de la empresa supera las 600 toneladas métricas mensuales, creciendo orgánicamente entre 10 y 20 toneladas métricas por mes. Con nuevos camiones bobtail que se unen a su flota, esperan alcanzar 800 toneladas métricas mensuales en suministro a granel de GLP para fin de año.
Fusion Fuel Green PLC (HTOO)는 두바이에 위치한 자회사 Al Shola Gas를 통해 사업을 크게 확장했다고 발표했습니다. 회사는 2025년 3월 이후 270만 달러 규모의 신규 엔지니어링 계약을 확보했으며, 1,800건 이상의 주거 서비스 계약과 두 건의 상업 서비스 계약을 추가하여 약 90만 달러의 반복 수익을 창출했습니다.
Al Shola Gas는 현재 12,000명 이상의 주거 고객과 170개의 식음료 매장에 서비스를 제공하고 있습니다. 회사의 대량 LPG 공급량은 월 600톤 이상이며, 매달 10~20톤씩 유기적으로 성장하고 있습니다. 새로운 밥테일 트럭이 차량에 추가되면서 연말까지 월 800톤의 대량 LPG 공급을 달성할 것으로 기대하고 있습니다.
Fusion Fuel Green PLC (HTOO) a annoncé une expansion commerciale significative via sa filiale Al Shola Gas à Dubaï. La société a obtenu des contrats d'ingénierie d'une valeur de 2,7 millions de dollars depuis mars 2025 et a ajouté plus de 1 800 contrats de service résidentiel ainsi que deux contrats commerciaux, générant environ 0,9 million de dollars de revenus récurrents.
Al Shola Gas dessert désormais plus de 12 000 clients résidentiels et 170 établissements de restauration. La fourniture en vrac de GPL de l'entreprise dépasse 600 tonnes métriques par mois, avec une croissance organique de 10 à 20 tonnes métriques par mois. Avec l'ajout de nouveaux camions bobtail à leur flotte, ils prévoient d'atteindre 800 tonnes métriques par mois de fourniture en vrac de GPL d'ici la fin de l'année.
Fusion Fuel Green PLC (HTOO) gab eine bedeutende Geschäftsausweitung über seine Tochtergesellschaft Al Shola Gas in Dubai bekannt. Das Unternehmen sicherte sich seit März 2025 neue Engineering-Verträge im Wert von 2,7 Millionen US-Dollar und fügte über 1.800 Wohnserviceverträge sowie zwei Gewerbeverträge hinzu, was etwa 0,9 Millionen US-Dollar an wiederkehrenden Einnahmen generiert.
Al Shola Gas bedient nun über 12.000 Privatkunden und 170 Gastronomiebetriebe. Die Großhandels-LPG-Lieferung des Unternehmens übersteigt 600 Tonnen pro Monat und wächst organisch um 10-20 Tonnen monatlich. Mit neuen Bobtail-LKWs in ihrer Flotte erwarten sie, bis Jahresende 800 Tonnen pro Monat an Großhandels-LPG liefern zu können.
- Secured $2.7 million in new engineering contracts since March 2025
- Added 1,800+ residential contracts and 2 commercial contracts worth $0.9 million in recurring revenue
- Growing customer base: 12,000+ residential and 170+ food and beverage outlets
- Consistent bulk LPG supply growth of 10-20 MT monthly
- Expected expansion to 800 MT monthly supply by year-end with fleet expansion
- None.
Insights
Fusion Fuel's $2.7M in engineering contracts and 1,800+ new utility customers strengthen recurring revenue streams and operational growth trajectory.
Fusion Fuel's announcement reveals tangible commercial momentum through its Al Shola Gas subsidiary. The secured
What's particularly noteworthy is the diversification of revenue streams across engineering projects, residential utilities, and commercial utilities. The company now serves 12,000+ residential customers and 170+ food and beverage outlets, creating a solid foundation of predictable income that complements project-based revenue.
The consistent bulk LPG supply exceeding 600 MT monthly with
From a financial perspective, this announcement points to three key growth vectors: immediate project revenue (
DUBLIN, Ireland, May 22, 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 estimated
Overview of New Contracts – Engineering Projects
Since March 2025, Al Shola Gas has signed contracts for design, supply, installation, maintenance, and operations with an estimated total value of approximately
“The award of these market-leading contracts exemplifies Al Shola Gas's capability to undertake and execute the industry's most exemplary and demanding projects. We continue to expand our operations as the United Arab Emirates (UAE) benefits from increased migration and construction sector growth,” added Al Shola Gas, Managing Director, Sanjeeb Safir.
Overview of New Contracts – Residential Utilities
Since the commencement of the current year, Al Shola Gas has signed contracts for the supply and maintenance of LPG utility solutions for over 1,800 new apartments situated in 16 buildings throughout Dubai, UAE. The anticipated annual recurring revenue generated from the new contracts is projected to be approximately
Overview of New Contracts – Commercial Utilities
Furthermore, since the beginning of 2025, Al Shola Gas has signed commercial LPG supply and maintenance contracts for two food and beverage facilities in Dubai. With the addition of these properties, Al Shola Gas now manages monthly billing for over 170 food and beverage outlets.
Overview of Bulk LPG Supply
Bulk LPG supplied by Al Shola Gas to its current customers has consistently exceeded 600 MT monthly. Bulk LPG supply has been organically growing at a rate of 10 to 20 MT per month. With new bobtail trucks purchased and expected to join the Al Shola Gas fleet in the coming months, the company expects to reach 800 MT per month in bulk LPG supply by the end of the year.
“Al Shola Gas continues to deliver impressive operational results and commercial traction,” said John-Paul Backwell, CEO of Fusion Fuel. “These new contracts reflect the market’s trust in our capabilities and contribute meaningful value to our long-term revenue base through project and recurring utility income.”
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, 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
What new contracts did Fusion Fuel (HTOO) secure in 2025?
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