Fusion Fuel Green PLC Announces New and Renewed Utility Contracts and Associated Recurring Revenue Through Al Shola Gas Subsidiary

Rhea-AI Summary

Fusion Fuel Green PLC (NASDAQ: HTOO) announced significant contract developments through its subsidiary Al Shola Gas (ASG) in Dubai. The company secured two new LPG utility contracts for 1,244 residential units, generating one-time revenue of AED 680,000 ($185,000) and recurring annual revenue of AED 650,000 ($177,000).

ASG's total LPG engineering revenues are expected to reach $6.7 million in 2025, with bulk LPG supply contracts projected to generate $1.77 million in annual recurring revenue. Additionally, renewed contracts will contribute AED 810,000 ($217,000) in annual recurring revenue. The company has also signed a Letter of Intent for an additional engineering project pending final approval.

Positive

• Secured two new LPG utility contracts for 1,244 residential units in Dubai
• Expected LPG engineering revenues of $6.7 million in 2025
• New recurring annual revenue streams totaling approximately $1.77 million
• Additional $217,000 in recurring revenue from renewed contracts
• Signed Letter of Intent for future engineering project

Negative

• None.

Insights

Energy Infrastructure Analyst

Fusion Fuel secures new LPG contracts worth $185K upfront plus $394K in annual recurring revenue, strengthening its utility business foundation.

Fusion Fuel Green's subsidiary Al Shola Gas has secured two strategic LPG utility contracts in Dubai that demonstrate notable business momentum in the company's conventional energy operations. The contracts will service 1,244 residential units, generating $185,000 in one-time project revenue and establishing $177,000 in annual recurring revenue from ongoing LPG supply.

What's particularly significant is how these agreements fit into ASG's broader business trajectory. The subsidiary expects $6.7 million in aggregate LPG engineering revenues for 2025, with bulk LPG supply contracts projected to generate $1.77 million in annual recurring revenue. Additionally, the renewal of existing contracts adds another $217,000 in sustained annual recurring revenue.

The combined $394,000 in annual recurring revenue from both new and renewed contracts is strategically valuable as it provides predictable cash flow visibility, which is especially important for a company developing multiple business lines. This growing stable revenue base improves Fusion Fuel's overall risk profile while funding ongoing operations and development work.

The pending Letter of Intent for an additional engineering project, though details remain undisclosed, suggests continued business development momentum in the region. These developments collectively demonstrate Fusion Fuel's execution capability in conventional energy services while the company continues advancing its renewable energy initiatives, creating a more diversified energy platform with multiple revenue streams.

Dublin, Ireland, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (“Fusion Fuel” or the “Company”) (NASDAQ: HTOO), a provider of integrated energy solutions, announced that its subsidiary, Al Shola Al Modea Distribution LLC (“Al Shola Gas” or “ASG”), has signed two significant liquefied petroleum gas (“LPG") utility engineering and supply contracts for new residential developments in Dubai, United Arab Emirates, and renewed a number of similar contracts.

Under the two contracts, which were signed in August and early September 2025, ASG will provide for the installation and connection of central gas supply systems for a total of 1,244 residential units. These services are expected to generate a combination of initial one-time project revenue totalling approximately AED 680,000 (approximately $185,000), and recurring annual revenue from the supply and billing of LPG totalling approximately AED 650,000 (approximately $177,000).

Including these contracts, ASG’s aggregate LPG engineering revenues are expected to exceed $6.7 million in 2025. Associated bulk LPG supply contracts are expected to generate approximately $1.77 million in annual recurring revenue.

In addition to these new contracts, ASG has renewed a number of engineering and LPG supply contracts in recent weeks, which are expected to bolster its recurring revenue stream. Collectively, the renewed contracts are expected to generate approximately AED 810,000 (approximately $217,000) in continued annual recurring revenue, supporting the Company’s ongoing growth and enhanced stability of future earnings. Furthermore, ASG has signed a Letter of Intent (the “Letter of Intent”) for an additional engineering project, subject to final contract approval, which is anticipated within the near future.

“These recent project wins further demonstrate the strength of our operational execution and the rising demand in our region,” said John-Paul Backwell, CEO of Fusion Fuel. “We’re expanding our presence throughout the United Arab Emirates, securing reliable, recurring revenue, and establishing ASG as a leading player in the utility services market. Meanwhile, Fusion Fuel continues to develop several exciting projects, partnerships, and innovative initiatives across both renewable and conventional energy sectors. Together, we are building a diversified, high-growth energy platform aimed at delivering long-term value for our shareholders.”

About Fusion Fuel Green PLC

Fusion Fuel Green PLC (NASDAQ: HTOO) provides integrated energy engineering, distribution, and green hydrogen solutions through its Al Shola Gas and BrightHy Solutions platforms. With operations spanning LPG supply to hydrogen solutions, the Company supports decarbonization across industrial, residential, and commercial sectors. The Company is headquartered in Ireland with operations in Europe and the Middle East.

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, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain 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 that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the Company’s ability to deliver the required services under its contracts; the ability of the parties to the Letter of Intent to enter into a definitive agreement; the ability of the new and renewed projects to generate the expected free cash flows or revenues necessary for the Company to generate the anticipated returns on its contemplated financial or operational commitments in connection with these transactions; and the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.

Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu

FAQ

What new contracts did Fusion Fuel Green (NASDAQ:HTOO) secure in Dubai?

Fusion Fuel's subsidiary Al Shola Gas secured two LPG utility contracts for 1,244 residential units, generating $185,000 in one-time revenue and $177,000 in annual recurring revenue.

How much revenue is expected from ASG's LPG engineering operations in 2025?

ASG's LPG engineering revenues are expected to exceed $6.7 million in 2025, with bulk LPG supply contracts generating approximately $1.77 million in annual recurring revenue.

What is the value of Fusion Fuel's renewed contracts in Dubai?

The renewed contracts are expected to generate approximately AED 810,000 ($217,000) in continued annual recurring revenue.

What future growth opportunities has Fusion Fuel (HTOO) announced?

Fusion Fuel has signed a Letter of Intent for an additional engineering project pending final approval, and is developing several projects and partnerships across both renewable and conventional energy sectors.

How will these contracts affect Fusion Fuel's revenue stability?

The combination of new and renewed contracts provides multiple streams of recurring revenue, enhancing the company's revenue stability and supporting long-term growth.