Fusion Fuel Green PLC Reports New Al Shola Gas Contracts and Announces Expansion into the UAE’s Northern Emirates

Core Insights - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has signed multiple new operational and utility contracts in September 2025 and is planning a strategic expansion into the northern emirates of the UAE [1][5][7] New Contracts - ASG signed a major utility contract for a residential development with 1,000 apartments, which includes a one-time project fee of approximately $100,000 and an annual revenue of about $300,000 from gas and boiler supply services, with project handover scheduled for November 2025 [2] - Additionally, ASG secured engineering and installation contracts for a project comprising six developments, totaling approximately $430,000, which includes 965 apartments and 10 retail shops, with revenue expected to start in December 2025 [3] - ASG commissioned six new boiler systems, anticipated to generate around $200,000 in additional annual recurring revenue, managed directly through development teams [4] Expansion into Northern Emirates - ASG is expanding into the northern emirates of the UAE, planning to invest in human resources, operational infrastructure, and assets over the next 12-18 months [5] - The northern emirates, which include Ras Al Khaimah, Sharjah, Fujairah, Ajman, and Umm Al Qaiwain, account for roughly one-third of the UAE's population and are recognized as fast-growing economic hubs [6] - The UAE aims for a GDP of $800 billion by 2030, with the northern emirates expected to play a crucial role in this growth, driven by real estate and industrial expansion [7] Company Performance - Al Shola Gas has experienced significant year-on-year growth in demand across its residential and mixed-use portfolio, reflecting confidence in the UAE's long-term development trajectory [8]