Fusion Fuel Green PLC's subsidiary Al Shola Gas has secured approximately $2.7 million in new engineering contracts, signaling robust expansion in the United Arab Emirates' utility services market. The company has strategically increased its market presence by adding more than 1,800 residential service contracts and two commercial contracts since January, which are projected to generate over $900,000 in recurring revenue.
The strategic growth positions Al Shola Gas as an increasingly significant player in the UAE's energy services landscape. Currently serving over 12,000 customers, the company supplies more than 600 metric tons of liquefied petroleum gas (LPG) monthly, with ambitious plans to increase monthly distribution to 800 metric tons by the end of the year.
This expansion reflects the growing demand for efficient and reliable energy solutions in the commercial, industrial, and residential sectors. By diversifying its service portfolio and increasing its customer base, Al Shola Gas is not only enhancing its market position but also contributing to the region's energy infrastructure development.
The company's ability to secure substantial engineering contracts demonstrates its technical expertise and reliability in designing, supplying, and maintaining LPG systems. Such growth indicates potential opportunities for continued expansion and increased market share in the competitive UAE utility services market.
As energy efficiency and distribution become increasingly critical in emerging markets, Al Shola Gas's strategic growth represents a promising trajectory for sustainable energy services. The company's commitment to expanding its utility portfolio suggests a forward-looking approach to meeting the region's evolving energy needs.
