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

Dublin, Ireland, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”), an integrated energy company, today announced that Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas” or “ASG”), a gas services and supply business in which the Company indirectly holds an ownership interest, signed a number of new operational and utility contracts during September 2025, while also unveiling plans for a strategic expansion into the northern emirates of the United Arab Emirates (“UAE”).

New Contracts

In September, ASG signed a major utility contract for a new residential development with 1,000 apartments. The contract stipulates a one-time project fee of approximately $100,000 for engineering services and an annual revenue of approximately $300,000 from gas and boiler supply services. Project handover is scheduled for November 2025, with revenue from gas and boiler services starting from the handover.

Additionally, ASG signed new engineering and installation contracts for a residential and commercial project comprising six property developments, with a total contract value of approximately $430,000. This project includes 965 apartments and 10 retail shops, further expanding ASG’s operational footprint. Revenue from this newly awarded project is expected to start in December 2025, with a project duration of 18-20 months. ASG has begun the initial design and engineering work for the project.

ASG also commissioned six new boiler systems, which are expected to generate approximately $200,000 in additional annual recurring revenue. These boiler installations represent a significant long-term income stream, with billing managed directly through the development teams.

Expansion into Northern Emirates

ASG is now expanding its footprint into the northern emirates of the UAE. Over the next 12-18 months, ASG will invest in human resources, operational infrastructure, and assets in the northern emirates. ASG will seek to build on its vertically integrated business model, which encompasses engineering and bulk LPG services, as well as utility and metering operations.

The northern emirates of the UAE, comprising Ras Al Khaimah, Sharjah, Fujairah, Ajman, and Umm Al Qaiwain, account for roughly one-third of the UAE’s population and have emerged as one of the nation’s fastest-growing economic hubs. The five northern emirates hold strategic importance for global trade, underpinned by robust infrastructure, logistics corridors, and government-backed diversification policies.