{"id":853683,"date":"2025-05-22T08:12:54","date_gmt":"2025-05-22T12:12:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fusion-fuel-announces-over-2-7-million-in-new-contracts-and-substantial-utility-growth-through-al-shola-gas\/"},"modified":"2025-05-22T08:12:54","modified_gmt":"2025-05-22T12:12:54","slug":"fusion-fuel-announces-over-2-7-million-in-new-contracts-and-substantial-utility-growth-through-al-shola-gas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fusion-fuel-announces-over-2-7-million-in-new-contracts-and-substantial-utility-growth-through-al-shola-gas\/","title":{"rendered":"Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas"},"content":{"rendered":"
\n

DUBLIN, Ireland, May 22, 2025 (GLOBE NEWSWIRE) — via IBN \u2013 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,\u00a0Al Shola Al Modea Gas Distribution LLC (\u201cAl Shola Gas\u201d), has secured an estimated\u00a0$2.7 million\u00a0in new engineering contracts since the beginning of March 2025, and, since the beginning of January 2025, has added more than\u00a01,800 residential service contracts and two commercial service contracts\u00a0to its portfolio for estimated recurring revenue of more than $0.9 million. The Company also provided an update on Al Shola Gas\u2019 bulk LPG supply.<\/p>\n

\n Overview of New Contracts \u2013 Engineering Projects<\/strong>\n <\/p>\n

Since March 2025, Al Shola Gas has signed contracts for design, supply, installation, maintenance, and operations with an estimated total value of approximately $2.7 million.<\/p>\n

\u201cThe 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,\u201d added Al Shola Gas, Managing Director, Sanjeeb Safir.<\/p>\n

\n Overview of New Contracts \u2013 Residential Utilities<\/strong>\n <\/p>\n

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 $0.9 million. Consequently, with the incorporation of these new contracts, the current billings for utility solutions rendered by Al Shola Gas will increase to encompass over 12,000 customers.<\/p>\n

\n Overview of New Contracts \u2013 Commercial Utilities<\/strong>\n <\/p>\n

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.<\/p>\n

\n Overview of Bulk LPG Supply<\/strong>\n <\/p>\n

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.<\/p>\n

\u201cAl Shola Gas continues to deliver impressive operational results and commercial traction,\u201d said\u00a0John-Paul Backwell, CEO of Fusion Fuel. \u201cThese new contracts reflect the market\u2019s trust in our capabilities and contribute meaningful value to our long-term revenue base through project and recurring utility income.\u201d<\/p>\n

\n About Fusion Fuel Green PLC<\/strong>\n <\/p>\n

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\u2019s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release includes \u201cforward-looking statements.\u201d Forward-looking statements may be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget\u201d, \u201cmay\u201d, \u201cintend\u201d, \u201cpredict\u201d, \u201cshould\u201d, \u201cwould\u201d, \u201cpredict\u201d, \u201cpotential\u201d, \u201cseem\u201d, \u201cfuture\u201d, \u201coutlook\u201d 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\u2019s 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\u2019s 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.<\/p>\n

\n Wire Service Contact:<\/strong>
\n
IBN
Austin, Texas
www.InvestorBrandNetwork.com<\/a>
512.354.7000 Office
Editor@InvestorBrandNetwork.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

DUBLIN, Ireland, May 22, 2025 (GLOBE NEWSWIRE) — via IBN \u2013 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,\u00a0Al Shola Al Modea Gas Distribution LLC (\u201cAl Shola Gas\u201d), has secured an estimated\u00a0$2.7 million\u00a0in new engineering contracts since the beginning of March 2025, and, since the beginning of January 2025, has added more than\u00a01,800 residential service contracts and two commercial service contracts\u00a0to its portfolio for estimated recurring revenue of more than $0.9 million. The Company also provided an update on Al Shola Gas\u2019 bulk LPG supply. Overview of New Contracts \u2013 Engineering Projects Since March 2025, Al Shola Gas has … <\/p>\n

Continue reading “Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-853683","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fusion-fuel-announces-over-2-7-million-in-new-contracts-and-substantial-utility-growth-through-al-shola-gas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fusion Fuel Announces Over $2.7 Million in New Contracts and Substantial Utility Growth through Al Shola Gas - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"DUBLIN, Ireland, May 22, 2025 (GLOBE NEWSWIRE) — via IBN \u2013 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,\u00a0Al Shola Al Modea Gas Distribution LLC (\u201cAl Shola Gas\u201d), has secured an estimated\u00a0$2.7 million\u00a0in new engineering contracts since the beginning of March 2025, and, since the beginning of January 2025, has added more than\u00a01,800 residential service contracts and two commercial service contracts\u00a0to its portfolio for estimated recurring revenue of more than $0.9 million. 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