Fusion Fuel Green PLC (NASDAQ: HTOO) has announced a significant milestone for its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, with the securing of AED 4.4 million (approximately $1.2 million USD) in new engineering and utility projects across Dubai. These projects, located in high-density areas such as Dubai Marina, Business Bay, and Satwa, are expected to contribute to the subsidiary's growing portfolio and generate recurring revenue through long-term utility agreements.
The expansion of Al Shola Gas's operations reflects the increasing demand for turnkey liquefied petroleum gas (LPG) systems in urban developments. With a customer base now exceeding 12,000 and monthly bulk LPG volumes surpassing 600 metric tons, the company is on track to meet its year-end target of 800 metric tons. This growth underscores the strategic importance of utility infrastructure in supporting sustainable urban development and the transition to cleaner energy sources.
Executives at Fusion Fuel Green have highlighted the subsidiary's achievements as part of the company's broader push into cash-generating utility infrastructure. The new projects not only reinforce Al Shola Gas's position in the market but also demonstrate the potential for sustainable energy solutions to meet the needs of high-density urban areas. For more details on the announcement, visit https://ibn.fm/QY1zx.
