Fusion Fuel Green PLC Announces Two Engineering Contracts Totaling Approximately $1.37 Million for Residential Developments in Dubai, United Arab Emirates
Fusion Fuel Green (NASDAQ: HTOO) announced that its affiliate Al Shola Gas signed two engineering contracts in Dubai totaling approximately $1.37 million on Dec 3, 2025, plus estimated annual recurring LPG supply revenue of $629,000.
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Rhea-AI Summary
Fusion Fuel Green (NASDAQ: HTOO) announced that its affiliate Al Shola Gas signed two engineering contracts in Dubai totaling approximately $1.37 million on Dec 3, 2025, plus estimated annual recurring LPG supply revenue of $629,000.
The contracts cover design, construction, commissioning, and authority approvals for central LPG systems: a Motor City mixed-use complex (~$1.23M) expected to generate ~$630,000 annually and an Al Furjan residential project (~$136,000) with post-completion supply terms still under discussion. Revenue recognition will follow contractual progress milestones.
Positive
- $1.37M total contract value signed
- Estimated annual LPG revenue of $629,000
- Motor City project (~$1.23M) becomes largest single complex in portfolio
- Contracts signed during final week of November 2025
Negative
- Revenue recognized by progress milestones, timing uncertain
- Al Furjan post-completion LPG supply contract still under discussion
- Project outcomes subject to regulatory approvals and consents
Details
News Market Reaction – HTOO
On Dec 3, the day this news came out, HTOO closed 11.71% above the previous close.
Data tracked by StockTitan Argus for the Dec 3 session.
Key Figures
- Dubai engineering contracts
- $1.37 million
- Combined value of two LPG engineering contracts in Dubai
- Recurring LPG revenue
- $629,000
- Estimated annual recurring LPG supply revenue from Dubai clients
- Motor City contract
- $1.23 million
- Approximate value of Motor City mixed-use LPG system project
- Motor City LPG revenue
- $630,000
- Estimated annual recurring LPG supply revenue from Motor City project
- Al Furjan contract
- $136,000
- Contract value for two residential buildings in Al Furjan, Dubai
- Other November contracts
- $328,000
- Additional contracts signed by Al Shola Gas in November 2025
- Motor City units
- 2,900 residential units
- Scale of Motor City mixed-use complex in Dubai
- Al Furjan apartments
- 333 apartments
- Residential units covered by Al Furjan LPG system contract
Historical Context
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Affiliate Al Shola Gas secured two Dubai LPG engineering contracts with recurring revenue.
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BrightHy Solutions signed contract for electrolyzer and hydrogen refueling project in Southern Europe.
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Shareholders approved increased authorised share capital and board flexibility for future issuances.
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Groundbreaking for biomass-powered industrial steam project in South Africa via BioSteam Energy.
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Joint venture with Alien Fuel for Fairfield Industrial Decarbonization biomass steam project.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
liquified petroleum gas medical
lpg technical
commissioning technical
forward-looking statements regulatory
exchange act of 1934 regulatory
annual report on form 20-f regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dublin, Ireland, Dec. 03, 2025 (GLOBE NEWSWIRE) -- 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 Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), a full-service industrial gas solution provider in which the Company indirectly holds an ownership interest, has signed two new engineering contracts with a combined value of approximately
The two projects cover the design, construction, commissioning, and authority approvals for central LPG gas systems in two major residential developments. Revenue will be recognized in accordance with contractual progress milestones.
The first new LPG system engineering contract relates to a large mixed-use residential complex located in Motor City, Dubai, comprising seven residential towers, 2,900 residential units, 18 commercial boiler rooms, and 18 food and beverage units. The approximate project value (converted from AED) is
The second new LPG system engineering contract relates to two residential buildings located in Al Furjan, Dubai, comprising 333 apartments, with a contract value of
Both contracts were signed during the final week of November 2025, concluding a successful month during which Al Shola Gas signed several other new contracts valued at approximately
“These project awards demonstrate the continued expansion of our engineered gas systems business in Dubai,” said Sanjeeb Safir, Managing Director of Al Shola Gas. “The Motor City development, in particular, significantly increases the scale of our operational portfolio, while the Al Furjan project reflects the ongoing diversification of our customer base in the UAE.”
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, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), and BioSteam Energy (Proprietary) Limited (“BioSteam Energy”) businesses. 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 Solutions, the Company’s hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries. BioSteam Energy provides biomass-powered industrial steam solutions to clients.
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 ability of the parties to obtain all necessary regulatory and other consents and approvals and to deliver all required products and services in connection with the contemplated projects; the ability of the projects to generate the expected free cash flows or net income necessary for the Company to generate the anticipated returns in connection with the contemplated projects; macroeconomic risks relating to currency exchange rates, inflation rates, interest rates, or other potentially disruptive factors; 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
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