Fusion Fuel Green PLC(US:HTOO) Globenewswire·2025-09-08 11:00Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Distribution LLC, has secured two significant LPG utility engineering and supply contracts in Dubai, enhancing its revenue streams and market presence in the UAE [1][5]. Contract Details - The two contracts involve the installation and connection of central gas supply systems for 1,244 residential units, generating initial project revenue of approximately AED 680,000 (around $185,000) and recurring annual revenue of about AED 650,000 (approximately $177,000) [2]. - With these contracts, ASG's total LPG engineering revenues are projected to exceed $6.7 million in 2025, alongside expected annual recurring revenue of approximately $1.77 million from associated bulk LPG supply contracts [3]. Renewals and Future Projects - ASG has renewed several engineering and LPG supply contracts, anticipated to generate around AED 810,000 (approximately $217,000) in continued annual recurring revenue, contributing to the company's growth and earnings stability [4]. - A Letter of Intent for an additional engineering project has been signed, pending final contract approval, indicating further potential for revenue growth [4]. Company Strategy and Market Position - The CEO of Fusion Fuel highlighted the company's operational strength and the increasing demand in the region, emphasizing the establishment of ASG as a leading player in the utility services market [5]. - Fusion Fuel is focused on developing various projects and partnerships across renewable and conventional energy sectors, aiming to create a diversified, high-growth energy platform for long-term shareholder value [5]. Company Overview - Fusion Fuel Green PLC provides integrated energy engineering, distribution, and green hydrogen solutions, with operations in LPG supply and hydrogen solutions, supporting decarbonization across various sectors [6].