Fusion Fuel Green PLC (NASDAQ: HTOO) announced that its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured AED 4.4 million (~$1.2 million USD) in new engineering and utility projects across Dubai. These projects, located in Dubai Marina, Business Bay, Satwa, and other districts, are expected to generate recurring revenue through long-term utility agreements. This development adds to the over $2.7 million in contracts the company disclosed in May, marking a significant expansion in its operations.
The subsidiary's customer base now exceeds 12,000, with bulk LPG volumes surpassing 600 metric tons monthly, aiming for an 800 metric tons target by year-end. The company highlighted the increasing demand for turnkey LPG systems in high-density developments, underscoring its strategic focus on cash-generating utility infrastructure. For more details, visit https://ibn.fm/QY1zx.
