Fusion Fuel Green PLC Subsidiary Secures $1.2 Million in UAE Energy Projects

Fusion Fuel Green PLC (NASDAQ: HTOO) has announced that its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured AED 4.4 million (approximately $1.2 million USD) in new engineering and utility projects across Dubai. These projects, located in areas such as Dubai Marina, Business Bay, and Satwa, are expected to generate recurring revenue through long-term utility agreements. This development adds to the over $2.7 million in contracts the company had previously disclosed in May, showcasing a robust growth trajectory in the UAE’s energy sector.

The subsidiary, Al Shola Gas, now serves a customer base exceeding 12,000, with bulk LPG volumes surpassing 600 metric tons monthly. The company has set an ambitious year-end target of 800 metric tons, reflecting the growing demand for turnkey LPG systems in high-density developments. This expansion underscores the company’s strategic focus on cash-generating utility infrastructure, a move that aligns with the increasing need for sustainable and efficient energy solutions in the region.

Executives at Fusion Fuel Green have highlighted the significance of these projects, not only for the company’s growth but also for the broader energy landscape in Dubai. The emphasis on long-term utility agreements ensures a steady revenue stream, while the expansion into high-demand areas demonstrates the company’s commitment to meeting the evolving needs of the market. For more details on the announcement, visit https://ibn.fm/QY1zx.

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