Al Shola Gas Expands UAE Utility Portfolio with $2.7M in New Engineering Contracts
TL;DR
Fusion Fuel Green's subsidiary secures $2.7M in new contracts and boosts revenue, serving 12,000+ customers, appealing to competitive advantage seekers.
Al Shola Gas, a majority-owned subsidiary, adds 1,800 residential and 2 commercial contracts, aiming to reach 800 MT of LPG by year-end.
Fusion Fuel Green PLC provides full-service industrial gas solutions, focusing on decarbonization to create a greener, more sustainable future.
GreenEnergyStocks offers a specialized platform for companies shaping the green economy, delivering news and insights to a wide audience.
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Fusion Fuel Green's subsidiary Al Shola Gas has secured approximately $2.7 million in new engineering contracts since March 2025, signaling robust expansion in the United Arab Emirates utility sector. The company has added more than 1,800 residential service contracts and two commercial contracts since January, increasing expected recurring revenue by over $900,000.
The growing portfolio now serves over 12,000 customers and currently supplies more than 600 metric tons of liquefied petroleum gas (LPG) monthly. Al Shola Gas aims to increase its monthly LPG distribution to 800 metric tons by the end of the year, indicating significant potential for market growth and operational scaling.
This expansion represents an important development in the UAE's energy services landscape, highlighting the increasing demand for efficient and comprehensive gas distribution solutions. The subsidiary's ability to rapidly increase its customer base and contract value suggests strong market opportunities in industrial, commercial, and residential LPG services.
The strategic growth of Al Shola Gas underscores Fusion Fuel Green's commitment to developing robust energy infrastructure and meeting evolving market needs in the United Arab Emirates.
Curated from InvestorBrandNetwork (IBN)
