Fusion Fuel reports new AI Shola gas contracts

Fusion Fuel (HTOO) Green announced that Al Shola Al Modea Gas Distribution 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. 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. “The past month has been one of Al Shola Gas’s strongest periods to date,” said Sanjeeb Safir, Managing Director of Al Shola Gas. “We continue to experience significant year-on-year growth in demand across our residential and mixed-use portfolio. The new contracts signed in September, along with our expansion into the northern emirates, reflect our confidence in the UAE’s long-term development trajectory.”