IBN Fusion Fuel Green PLC, a leading provider of full-service energy engineering, advisory, and utility solutions, today announced that its majority-owned operating subsidiary, Al Shola Al Modea Gas Distribution LLC (“Al Shola Gas”), has secured an additional AED 4.4 million (~$1.2 million USD) in new engineering and utility projects across Dubai, United Arab Emirates.
These latest awards follow the Company’s May 22, 2025, announcement that Al Shola Gas had secured over $2.7 million in engineering contracts and 1,800 new residential service contracts since the beginning of the year. The cumulative project awards reflect continued commercial momentum and strengthening demand for Al Shola Gas’s turnkey solutions in the UAE’s fast-growing energy infrastructure market.
Overview of New Engineering Projects
- Dubai Marina Development—DBOM contract for 620 residential apartments and 5 retail outlets. The total contract value is AED 885,000. All units will be serviced under utility agreements.
- Business Bay Tower – High-rise with 3 basements, ground floor, 32 residential levels – 242 apartments and 3 retail outlets. Contract value: AED 395,000.
- Satwa Mid-Rise Development – 13 floors plus roof access – 240 apartments. The total contract value is AED 2.6 million.
- Additional Cluster Projects – Four smaller projects across Dubai, collectively valued at AED 520,000.
All new projects will convert to recurring revenue through Al Shola Gas’s long-term utility service contracts.
“We continue to see strong demand for our end-to-end energy infrastructure solutions, particularly in Dubai’s high-density residential sector,” said Sanjeeb Safir, Managing Director of Al Shola Gas. “These contracts build on the strong base established earlier this year and reinforce our positioning as the partner of choice for developers requiring reliable, compliant, and efficient LPG system delivery and service.”
Update on Utility Business and Bulk LPG Supply
With the addition of these new projects, Al Shola Gas continues to expand its utility billing footprint, which surpassed 12,000 active customers earlier this year. The Company expects continued growth in recurring revenue as contracted assets are commissioned.
Bulk LPG supply remains robust, with current volumes consistently exceeding 600 metric tons per month, supported by organic growth of 10–20 metric tons monthly. With additional delivery capacity expected to come online, Al Shola Gas maintains its target of reaching 800 metric tons monthly by year-end.
“These awards are a clear continuation of the momentum we outlined in our May update,” said John-Paul Backwell, CEO of Fusion Fuel. “The combination of engineering revenue and high-margin recurring utility income represents the execution of our strategy to build durable, cash-generating infrastructure assets in the region.”
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