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Fusion Fuel Green PLC Reports New Al Shola Gas Contracts and Announces Expansion into the UAE’s Northern Emirates
Globenewswire· 2025-10-09 11:00
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]
Acceleware Announces Advisory Board Appointments and Grant of Stock Options
Globenewswire· 2025-09-15 12:47
Core Insights - Acceleware Ltd. has appointed three new senior executive advisors to its Advisory Board to enhance its strategic direction and commercialization efforts [1][2][3] Advisory Board Update - The new members of the Advisory Board are Juan Benitez, Jason de Jong, and Ryan Cross, who join returning members Cal Coulter, Sean David, and Don Verdonck [2] - Former members John Howard, Jeff Reading, and Chad Robinson have stepped down but will assist in the transition [2] Executive Insights - CEO Geoff Clark expressed gratitude for the contributions of former advisors and emphasized the importance of the new appointments in driving shareholder value and accelerating technology commercialization [3] About the Appointees - Juan Benitez has extensive experience in strategic partnerships and technology commercialization in the energy sector, having worked at Cenovus Energy and BDC Capital [4] - Jason de Jong has a background in thermodynamics and energy decarbonization, with experience in oil and gas production and technology evaluation [5] - Ryan Cross brings over 30 years of experience in energy and clean technology, focusing on carbon capture and renewable energy [6] Stock Options Grant - Acceleware has granted stock options to acquire up to 1,445,000 common shares at an exercise price of $0.09, expiring on September 12, 2030 [7] - The options will vest in two tranches: 722,500 shares on the first anniversary and 722,500 shares on the second anniversary of the grant date [8] - The stock option plan allows for a total of 13,044,026 common shares to be reserved, with 11,007,466 shares currently reserved under options outstanding [8] Company Overview - Acceleware specializes in advanced electromagnetic heating technologies, focusing on RF power-to-heat solutions for industrial applications [9] - The company aims to electrify and decarbonize industrial process heat applications while reducing costs [9] - Acceleware is developing its patented Clean Tech Inverter to improve amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [10] - The company also offers RFXL, a low-cost, low-carbon RF thermal enhanced oil production technology [10]
IEA国际能源署:2025年加强摩尔多瓦的热泵:路线图(英文版)
Sou Hu Cai Jing· 2025-07-08 04:50
Core Insights - The International Energy Agency (IEA) emphasizes the significance of heat pump technology for Moldova's energy transition, as buildings account for over 50% of the country's final energy consumption, primarily for space and water heating [9][21][33] - Moldova's energy security is challenged by its reliance on imported energy, with over 80% of primary energy sourced externally, making the adoption of heat pumps crucial for reducing dependency on natural gas [10][23][49] - The roadmap outlines a phased strategy for heat pump adoption, requiring multi-departmental collaboration and policy adjustments to facilitate the transition towards renewable energy and improve energy efficiency [2][27][28] Group 1: Heat Pump Technology and Its Importance - Heat pumps can accelerate the transition in building heating, contributing to reduced greenhouse gas emissions and improved air quality, especially with the recent expansion of solar and wind capacity in Moldova [10][21][23] - The roadmap identifies heat pumps as a central element in Moldova's commitment to decarbonization, particularly in light of the country's goal to join the European Union by 2024 [10][22][36] Group 2: Barriers to Adoption - Significant barriers to heat pump adoption include high upfront costs, limited industry experience, low public awareness, and a generally inefficient building stock that may undermine the benefits of heat pumps [11][24][25][26] - The reliance on low-cost biomass for heating in rural areas poses health and environmental risks, complicating the transition to heat pumps [11][25][26] Group 3: Policy Recommendations and Strategic Actions - Starting in 2025, the Ministry of Energy is tasked with developing a national heating and cooling strategy, clarifying the role of heat pumps in renewable energy targets, and updating relevant laws to align with EU directives [2][27][28] - The roadmap emphasizes the need for public awareness campaigns, training for officials, and stakeholder engagement to build a supportive environment for heat pump adoption [27][28][31] - By 2030, regulatory measures will focus on limiting fossil fuel heating systems in new and existing buildings, alongside improved data collection and potential restrictions on urban biomass use [29][30]