STOCK TITAN

Fusion Fuel unit adds LPG truck, expects $1.6M rev

Fusion Fuel’s UAE LPG subsidiary adds a revenue-generating bobtail tanker and secures a key Dubai Petroleum Products Permit to support recurring growth.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Fusion Fuel Green PLC (HTOO) reports that its indirect UAE subsidiary Al Shola Gas has taken delivery of a new LPG bobtail tanker expected, at target run-rate, to generate approximately AED 6.0 million ($1.6 million) in annual recurring revenue. The new unit is expected to ramp to about 200 metric tons of LPG deliveries per month within four to six months, producing an estimated AED 400,000–500,000 ($109,000–$136,000) in monthly revenue. The vehicle expands Al Shola Gas’s fleet to 53 vehicles, including three LPG bobtails and 10 LPG cylinder trucks, and is intended to improve delivery reliability and reduce reliance on third parties.

Al Shola Gas also obtained a Petroleum Products Permit from the Dubai Supreme Council of Energy, authorizing continued cylinder and bulk LPG distribution, transport, sale and storage. Fusion Fuel believes stricter enforcement of Dubai’s regulatory framework may favor fully permitted operators, supporting its strategy to grow recurring, cash-generative energy businesses in the UAE, including a fourth, smaller-format bobtail currently in production.

Positive

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Expected annual recurring revenue from new bobtail AED 6.0 million ($1.6 million) Once target delivery run-rate is achieved and sustained
Target monthly revenue from new bobtail AED 400,000–500,000 ($109,000–$136,000) At approximately 200 metric tons of LPG deliveries per month
Target quarterly revenue from new bobtail AED 1.2–1.5 million ($327,000–$408,000) At target delivery volume and revenue range
Fleet size after new bobtail 53 vehicles Al Shola Gas fleet including three LPG bobtails and 10 cylinder trucks
Target monthly LPG delivery volume for new bobtail 200 metric tons Expected within four to six months of entering service
Capacity of new LPG bobtail Approximately 17,800 liters LPG capacity of the newly delivered bobtail tanker
Existing larger bobtail monthly deliveries Approximately 450 metric tons Current performance of Al Shola Gas’s larger-capacity bobtail
Permit process duration More than eight months Time taken to obtain the Petroleum Products Permit in Dubai
Petroleum Products Permit regulatory
"Al Shola Gas has obtained a Petroleum Products Permit from the Dubai Supreme Council"
An official authorization issued by a government or regulatory agency that allows a company or facility to store, handle, transport, distribute, or sell fuels and other petroleum-derived liquids. The permit spells out safety, environmental and technical conditions—such as storage limits, spill-prevention measures, monitoring and inspection requirements—and may carry fees or renewal obligations. For investors, it matters because having, losing or changing such permits affects a business’s ability to operate, its compliance costs and potential legal or environmental liabilities, much like a driver’s license determines who may legally operate a vehicle under set rules.
bobtail tanker technical
"has taken delivery of a new liquefied petroleum gas (“LPG”) bobtail tanker"
A bobtail tanker is a road tanker vehicle (the tractor and its tank body) operating without a towed trailer or, commonly, running empty of cargo. Think of it like a delivery truck driving back to base with no load; it still uses fuel and labor but earns no freight on that trip. For investors, the term signals truck utilization, empty-mile costs and short-term operational efficiency in transport and logistics businesses.
annual recurring revenue financial
"expected to generate approximately AED 6.0 million ($1.6 million) in annual recurring revenue"
Annual recurring revenue is the predictable amount of money a company expects to earn each year from ongoing customer subscriptions or contracts. It helps businesses understand how much steady income they can count on, much like a subscription service that charges customers every month or year. This figure is important because it shows the company's stability and growth potential.
Executive Council Resolution No. 85 of 2025 regulatory
"Under Dubai’s Executive Council Resolution No. 85 of 2025, all persons engaged"
LPG distribution technical
"the bulk transport, distribution and sale of LPG via tanker"

FAQ

What new development did Fusion Fuel Green PLC (HTOO) announce for Al Shola Gas?

Fusion Fuel announced that Al Shola Gas has taken delivery of a new LPG bobtail tanker expected to generate AED 6.0 million ($1.6 million) in annual recurring revenue once it reaches and sustains its target delivery run-rate.

How will the new LPG bobtail affect Al Shola Gas’s fleet size for HTOO?

The new LPG bobtail increases Al Shola Gas’s fleet to 53 vehicles, including three LPG bobtails and 10 LPG cylinder trucks, enhancing distribution capacity and fleet redundancy in the UAE market.

What revenue is Fusion Fuel’s new bobtail expected to generate at target volume?

At a target of about 200 metric tons of LPG deliveries per month, the new bobtail is expected to generate approximately AED 400,000–500,000 ($109,000–$136,000) in monthly revenue and about AED 6.0 million ($1.6 million) in annual recurring revenue.

What regulatory permit did Al Shola Gas obtain according to the HTOO filing?

Al Shola Gas obtained a Petroleum Products Permit from the Dubai Supreme Council of Energy, authorizing gas cylinder distribution, transport, sale and storage, and bulk LPG transport, distribution and sale via tanker in Dubai.

How long did Al Shola Gas’s Petroleum Products Permit process take?

The permitting process for Al Shola Gas’s Petroleum Products Permit from the Dubai Supreme Council of Energy took more than eight months to complete, reflecting detailed regulatory review under Dubai’s framework.

What additional expansion is planned for Al Shola Gas’s LPG fleet under HTOO?

Al Shola Gas has an additional approximately 7,000-liter LPG bobtail in production, built on a smaller chassis to serve city centers and congested locations, aiming to broaden its addressable customer base and improve distribution flexibility.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of: September, 2026.

 

Commission File Number: 001-39789

 

Fusion Fuel Green PLC

(Translation of registrant’s name into English)

 

9 Pembroke Street Upper

Dublin D02 KR83

Ireland

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

On September 10, 2026, Fusion Fuel Green PLC, an Irish public limited company (the “Company” or “Fusion Fuel”), issued a press release announcing that its indirect subsidiary, Al Shola Al Modea Gas Distribution L.L.C. (“Al Shola Gas”), has taken delivery of a new liquefied petroleum gas (“LPG”) bobtail tanker expected to generate approximately $1.6 million in annual recurring revenue at its target delivery run-rate, increasing Al Shola Gas’s fleet to 53 vehicles, with a fourth LPG bobtail currently on order and in production. The press release also announced that Al Shola Gas has obtained a Petroleum Products Permit from the Dubai Supreme Council of Energy authorizing continued gas cylinder distribution, transport, sale and storage, as well as the bulk transport, distribution and sale of LPG via tanker. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K.

 

Forward-Looking Statements

 

The press release attached as Exhibit 99.1 hereto 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 expectation that the new bobtail tanker will reach a target monthly delivery volume of approximately 200 metric tons of LPG within four to six months of entering service; the expectation that the new bobtail will generate approximately AED 400,000 to AED 500,000 ($109,000 to $136,000) in monthly revenue, approximately AED 1.2 million to AED 1.5 million ($327,000 to $408,000) in quarterly revenue, and approximately AED 6.0 million ($1.6 million) in annual recurring revenue once its target volume is reached and sustained; the anticipated timeline for the new bobtail to reach its target delivery volume; the performance of Al Shola Gas’s existing bobtail fleet as an indicator of the new unit’s potential; the expected benefits of Al Shola Gas’s Petroleum Products Permit, including its effect on competitive positioning and the ability to pursue tenders and other distribution opportunities; the belief that increasingly rigorous Petroleum Products Permit requirements and enhanced enforcement under Dubai’s regulatory framework could reduce the number of non-compliant operators and create additional opportunities for fully permitted operators; the anticipated benefits of the bobtail currently in production, including the ability to serve customers in locations that are difficult to access with larger vehicles; the believed competitive advantage of obtaining a Petroleum Products Permit from stricter enforcement of United Arab Emirates (“UAE”) regulatory requirements in the LPG industry; and the Company’s strategy of growing recurring, cash-generative energy businesses in the UAE. 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; the risk that the new bobtail does not achieve its targeted delivery volumes or revenue within the anticipated timeframe or at all; fluctuations in demand for LPG distribution services; the risk that anticipated regulatory tightening, enforcement actions, or market consolidation in Dubai’s LPG distribution market does not occur as expected or does not benefit fully permitted operators such as Al Shola Gas; regulatory changes affecting LPG distribution and engineering services in the UAE, including the risk that Al Shola Gas’s permits are not renewed or are revoked; the risk that the bobtail in production is not completed, delivered, or deployed as anticipated, or does not achieve expected operational or revenue benefits; volatility in energy markets and commodity prices; Al Shola Gas’s ability to obtain sufficient financing to support operations and growth initiatives; competition from existing or new LPG distributors in Dubai; 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 revenue; 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.

 

Exhibit No.   Description
99.1   Press release dated September 10, 2026

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Fusion Fuel Green PLC
  (Registrant)
   
Date: September 10, 2026 /s/ Frederico Figueira de Chaves
  Frederico Figueira de Chaves
  Chief Executive Officer and Interim Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

Fusion Fuel Expands Al Shola Gas LPG Distribution Capacity with New Bobtail Expected to Generate Approximately $1.6 Million in Annual Recurring Revenue at Target Run-Rate

 

New Bobtail Expected to Generate Approximately AED 400,000 to AED 500,000 ($109,000 to $136,000) in Monthly Revenue Upon Reaching Target Delivery Volume

 

Al Shola Gas Expands Fleet to 53 Vehicles, Including Three LPG Bobtails, with Fourth Bobtail on Order to Support Further Distribution Growth

 

New Dubai Supreme Council of Energy Petroleum Products Permit Strengthens Al Shola Gas’s Competitive Position in Dubai’s LPG Market

 

Dublin, Ireland, September 10, 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”), has taken delivery of a new liquefied petroleum gas (“LPG”) bobtail tanker, expected to generate approximately AED 6.0 million ($1.6 million) in annual recurring revenue once its target delivery run-rate is achieved and sustained.

 

The addition represents another step in the expansion of Al Shola Gas’s recurring LPG distribution business in the United Arab Emirates (“UAE”). The new bobtail increases Al Shola Gas’s fleet to 53 vehicles, including three LPG bobtails and 10 LPG cylinder trucks.

 

Al Shola Gas expects the newly delivered bobtail to progressively ramp to approximately 200 metric tons of LPG deliveries per month within four to six months of entering service. At that target volume, the Company expects the unit to generate approximately AED 400,000 to AED 500,000 ($109,000 to $136,000) in monthly revenue, equivalent to approximately AED 1.2 million to AED 1.5 million ($327,000 to $408,000) in quarterly revenue and approximately AED 6.0 million ($1.6 million) in annual recurring revenue at the upper end of the targeted monthly revenue range.

 

The targeted delivery volume is supported by the performance of Al Shola Gas’s existing bobtail fleet. Its larger-capacity bobtail currently delivers approximately 450 metric tons of LPG per month, while an existing bobtail comparable in capacity to the newly delivered unit currently delivers approximately 250 to 325 metric tons per month. The new bobtail has an approximately 17,800-liter LPG capacity and is expected to operate approximately 10 to 12 hours per day, seven days per week. Beyond adding incremental revenue capacity, the new unit is expected to improve delivery reliability and reduce Al Shola Gas’s reliance on third-party competitors when existing vehicles are unavailable due to scheduled maintenance or unexpected downtime.

 

Al Shola Gas also plans to expand its distribution capabilities through an additional LPG bobtail, which is currently in production. The approximately 7,000-liter unit is being built on a smaller chassis specifically designed to serve customers in city centers and other congested locations where larger LPG tankers face access, maneuverability and parking limitations. The smaller-format bobtail is expected to expand the range of customers and locations Al Shola Gas can economically serve, complementing the Company’s larger-capacity units and providing additional flexibility as it seeks to grow its LPG distribution business. Together, the new and planned bobtails are designed to increase Al Shola Gas’s delivery capacity, improve fleet redundancy and broaden its addressable customer base.

 

 

 

 

Separately, Al Shola Gas has obtained a Petroleum Products Permit from the Dubai Supreme Council of Energy (“SCE”), authorizing continued gas cylinder distribution, transport, sale and storage, as well as the bulk transport, distribution and sale of LPG via tanker. Under Dubai’s Executive Council Resolution No. 85 of 2025, all persons engaged in petroleum products trading activities in Dubai, including the distribution, transport, sale and storage of LPG, are required to hold a valid Petroleum Products Permit issued by the SCE, positioning Al Shola Gas to pursue LPG distribution opportunities, including tenders, that require such authorization.

 

Al Shola Gas’s permitting process took more than eight months to complete. Fusion Fuel believes the combination of increasingly rigorous Petroleum Products Permit requirements and enhanced enforcement measures under Dubai’s regulatory framework could reduce the number of non-compliant operators participating in the Dubai LPG market and create additional opportunities for fully permitted operators such as Al Shola Gas.

 

Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel, commented, “The delivery of this new bobtail is a tangible example of how we are investing in assets that can translate directly into additional recurring revenue. At target run-rate, this single unit is expected to generate approximately $1.6 million in annual recurring revenue, while also increasing delivery reliability and reducing our reliance on third parties. Importantly, we are not stopping here. A fourth, smaller-format bobtail is on order and is designed to expand our ability to serve customers in locations that are difficult to access with larger vehicles.

 

“We believe Al Shola Gas’s new Petroleum Products Permit will provide another important competitive advantage as Dubai moves toward stricter enforcement across the LPG industry. As a fully permitted operator, we believe Al Shola Gas is well positioned to pursue additional tenders and distribution opportunities as the regulatory framework continues to mature. The combination of additional revenue-generating capacity, an expanding fleet and a strengthened regulatory position supports our strategy of growing Fusion Fuel’s recurring, cash-generative energy businesses in the UAE.”

 

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. For more information, please visit www.fusion-fuel.eu.

 

 

 

 

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 expectation that the new bobtail tanker will reach a target monthly delivery volume of approximately 200 metric tons of LPG within four to six months of entering service; the expectation that the new bobtail will generate approximately AED 400,000 to AED 500,000 ($109,000 to $136,000) in monthly revenue, approximately AED 1.2 million to AED 1.5 million ($327,000 to $408,000) in quarterly revenue, and approximately AED 6.0 million ($1.6 million) in annual recurring revenue once its target volume is reached and sustained; the anticipated timeline for the new bobtail to reach its target delivery volume; the performance of Al Shola Gas’s existing bobtail fleet as an indicator of the new unit’s potential; the expected benefits of Al Shola Gas’s Petroleum Products Permit, including its effect on competitive positioning and the ability to pursue tenders and other distribution opportunities; the belief that increasingly rigorous Petroleum Products Permit requirements and enhanced enforcement under Dubai’s regulatory framework could reduce the number of non-compliant operators and create additional opportunities for fully permitted operators; the anticipated benefits of the bobtail currently in production, including the ability to serve customers in locations that are difficult to access with larger vehicles; the believed competitive advantage of obtaining a Petroleum Products Permit from stricter enforcement of regulatory requirements in the LPG industry; and the Company’s strategy of growing recurring, cash-generative energy businesses in the UAE. 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; the risk that the new bobtail does not achieve its targeted delivery volumes or revenue within the anticipated timeframe or at all; fluctuations in demand for LPG distribution services; the risk that anticipated regulatory tightening, enforcement actions, or market consolidation in Dubai’s LPG distribution market does not occur as expected or does not benefit fully permitted operators such as Al Shola Gas; regulatory changes affecting LPG distribution and engineering services in the UAE, including the risk that Al Shola Gas’s permits are not renewed or are revoked; the risk that the bobtail in production is not completed, delivered, or deployed as anticipated, or does not achieve expected operational or revenue benefits; volatility in energy markets and commodity prices; Al Shola Gas’s ability to obtain sufficient financing to support operations and growth initiatives; competition from existing or new LPG distributors in Dubai; 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 revenue; 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.

 

Investor Relations Contact:

 

ir@fusion-fuel.eu

 

www.fusion-fuel.eu

 

 

 

 

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