Fusion Fuel Green's Al Shola Gas Secures Additional ~$1.2M In New Engineering And Utility Projects Across Dubai

Benzinga·06/24/2025 16:07:30

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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, Al Shola Al Modea Gas Distribution LLC ("Al Shola Gas"), has secured an additional AED 4.4 million (~$1.2 million USD) in new engineering and utility projects across Dubai, United Arab Emirates.

These latest awards follow the Company's May 22, 2025, announcement that Al Shola Gas had secured over $2.7 million in engineering contracts and 1,800 new residential service contracts since the beginning of the year. The cumulative project awards reflect continued commercial momentum and strengthening demand for Al Shola Gas's turnkey solutions in the UAE's fast-growing energy infrastructure market.

Overview of New Engineering Projects

Dubai Marina Development—DBOM contract for 620 residential apartments and 5 retail outlets. The total contract value is AED 885,000. All units will be serviced under utility agreements.
Business Bay Tower – High-rise with 3 basements, ground floor, 32 residential levels – 242 apartments and 3 retail outlets. Contract value: AED 395,000.
Satwa Mid-Rise Development – 13 floors plus roof access – 240 apartments. The total contract value is AED 2.6 million.
Additional Cluster Projects – Four smaller projects across Dubai, collectively valued at AED 520,000.

All new projects will convert to recurring revenue through Al Shola Gas's long-term utility service contracts.

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