Fusion Fuel Green PLC (NASDAQ:HTOO) announced Tuesday that its subsidiary, Al Shola Gas, secured a new LPG engineering subcontract.

The award reinforces its project pipeline and supports near-term revenue growth.

New Subcontracts Across Dubai

Fusion Fuel Green said Al Shola Gas was awarded 16 LPG engineering subcontracts in Dubai. The contracts have a combined value of about $1.14 million.

The contracts span residential and mixed-use developments across multiple locations, supporting infrastructure for several thousand housing units.

The largest project is the Terra Heights dual-tower development in Expo City Dubai, valued at approximately $0.5 million.

Project Scope And Demand

The scope includes design, engineering, supply, installation, testing, and commissioning of centralized LPG systems across low- to high-rise buildings.

Project execution is expected to begin immediately.

Fusion Fuel said demand for LPG engineering and distribution services remains strong, driven by ongoing construction and infrastructure investment.

Al Shola Gas also plans to expand its LPG delivery fleet to enhance operational capacity.

Operations And Management Commentary

The company said Al Shola Gas operations continue as planned despite escalating tensions in the Persian Gulf, with no impact.

"The award of approximately $1.14 million in new engineering subcontracts, including a flagship dual-tower development in Expo City, reflects the continued strength of our LPG infrastructure platform and the demand we are seeing across the UAE," said John-Paul Backwell, Chief Executive Officer and Chairman of Fusion Fuel.

"These projects contribute near-term engineering revenue, while also supporting a pipeline of potential recurring LPG utility service opportunities," Backwell added.

Recently, Fusion Fuel appointed uranium investor James Passin to its board, aiming to strengthen its uranium royalty strategy and support its planned acquisition of a controlling stake in Royal Uranium.

HTOO Price Action: Fusion Fuel Green closed at $2.79 on Monday. The stock is near its 52-week low of $2.41, according to Benzinga Pro data.

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