Fusion Fuel Green PLC Subsidiary Secures $1.2 Million in UAE Energy Projects
Fusion Fuel Green's subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured $1.2 million in new engineering and utility projects in Dubai, highlighting the growing demand for LPG systems in high-density developments.
Fusion Fuel Green PLC (NASDAQ: HTOO) announced that its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured AED 4.4 million (~$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 disclosed in May, signaling a robust expansion in its operations.
The subsidiary's customer base now exceeds 12,000, with monthly bulk LPG volumes surpassing 600 metric tons and a year-end target of 800 metric tons. The company's executives highlighted the increasing demand for turnkey LPG systems in high-density developments, reinforcing their strategic focus on cash-generating utility infrastructure. For more details, visit https://ibn.fm/QY1zx.