Fusion Fuel Green PLC (NASDAQ: HTOO) has announced a significant milestone for its majority-owned subsidiary, Al Shola Al Modea Gas Distribution LLC, with the securing of AED 4.4 million (approximately $1.2 million USD) in new engineering and utility projects across Dubai. These projects, situated in key districts including Dubai Marina, Business Bay, and Satwa, are poised to contribute to the company's revenue through long-term utility agreements. This achievement builds upon the over $2.7 million in contracts the company revealed in May, signaling a notable expansion in its operational footprint.
The subsidiary's growing customer base now exceeds 12,000, with monthly bulk LPG volumes surpassing 600 metric tons. The company is on track to reach an ambitious target of 800 metric tons by the end of the year. This growth underscores the increasing demand for turnkey LPG systems in high-density developments, a sector where Al Shola Al Modea Gas Distribution LLC is strategically positioning itself. The focus on cash-generating utility infrastructure highlights the company's commitment to sustainable and profitable growth in the competitive Dubai market.
For more information on this development, visit https://ibn.fm/QY1zx.
