Fusion Fuel’s Al Shola Gas Secures New LPG Contracts in Dubai, Expanding Market Presence
DENVER, Colo., Jul 25, 2025 (247marketnews.com)- Fusion Fuel Green (NASDAQ:HTOO) reported that its majority-owned UAE subsidiary, Al Shola Gas, secured multiple new contracts for the installation, maintenance, and supply of liquefied petroleum gas (LPG) systems across major residential and commercial developments in Dubai.
The newly awarded projects, confirmed in July 2025, include significant contracts totaling over AED 1.9 million (approximately $517,000). Among the largest is a deal to provide utility operations and bulk LPG supply for a 20-story residential tower housing 722 apartments, valued at AED 885,000 (approx. $241,000). Another major project includes LPG system installation for an 8-floor mixed-use development combining residential and commercial units, valued at AED 850,000 (approx. $232,000).
Additionally, Al Shola Gas announced several smaller new contracts with a combined value of around AED 200,000 (approximately $54,000), contributing further to its growing project pipeline.
John-Paul Backwell, Fusion Fuel’s CEO, stated, “These additional orders demonstrate the strength of Al Shola Gas’s market presence and its ability to secure and service high-profile developments in Dubai. The new projects not only add meaningful near-term revenue but also reinforce our strategy to grow our energy services platform in the Gulf region, supporting our broader mission to deliver innovative, sustainable, and reliable energy solutions. The substantial growth in orders and project backlog means that the engineering team at Al Shola Gas is now fully booked for the upcoming 18 months.”
These contracts mark a continued expansion for Al Shola Gas in the UAE’s LPG market, where demand remains robust. Since the beginning of 2025, the company has averaged monthly LPG deliveries of between 580 and 630 metric tons (MT) in bulk and an additional 160 to 180 MT in cylinders.
The new project wins are expected to strengthen Al Shola Gas’s revenue trajectory in the coming quarters, reinforcing its strategic role within Fusion Fuel’s Middle East operations.
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