Fusion Fuel Green plc Announces New Utility Contracts for Residential Developments in UAE

Reuters10-09
Fusion Fuel Green plc Announces New Utility Contracts for Residential Developments in UAE

Fusion Fuel Green PLC announced that Al Shola Al Modea Gas Distribution LLC $(ASG)$, in which the company holds an indirect ownership interest, has signed several new operational and utility contracts in September 2025. Among these, ASG secured a major utility contract for a new residential development comprising 1,000 apartments. The contract includes a one-time project fee of approximately $100,000 for engineering services and an annual revenue of approximately $300,000 from gas and boiler supply services, with the project handover scheduled for November 2025. Additionally, ASG signed new engineering and installation contracts for a residential and commercial project involving six property developments, totaling 965 apartments and 10 retail shops. The value of this contract is approximately $430,000, with revenue expected to begin in December 2025 and a project duration of 18-20 months.

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