Fusion Fuel Announces Al Shola Gas Contracted Engineering Project Portfolio of $5.2 Million Across 87 Projects
Globe Newswire•28/10/2026•07:45 ET
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Key Highlights
- ➤$5.2M portfolio spans 87 LPG engineering contracts; 74% is already in execution
- ➤$4.2M remains unrecognized, including expected $1.0M in Q4 2026
- ➤Six September awards total $290,000 across Dubai residential and commercial projects
- ➤$939,000 Motor City work order fixes price and moves project into execution
- ➤$13.6M in additional LPG engineering proposals remain subject to client awards
Expert Statements
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“Al Shola Gas continues to build on its established engineering and LPG distribution platform, supported by a growing contracted project portfolio and long-standing relationships with developers and contractors in the UAE.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“Al Shola Gas now has 87 contracts in its engineering project portfolio, valued at approximately $5.2 million, with roughly three-quarters of that value relating to projects on which work has commenced, and a base of repeat clients.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“In September we added six new engineering subcontracts across residential, villa and commercial projects in Dubai, and the formal work order for Motor City, subject to its customary conditions, establishes a fixed-price commitment for our largest announced project with a defined payment schedule.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“Importantly, our engineering installations may create opportunities to establish recurring LPG supply relationships as projects are completed, potentially extending the value of these contracts beyond the initial engineering work.”
Frederico Figueira de Chaves, Chief Executive Officer of Fusion Fuel
“With approximately $13.6 million in additional project proposals submitted, which remain subject to client evaluation and award, we believe Al Shola Gas has opportunities to expand its commercial footprint and contribute to our broader strategy of building a diversified energy platform with multiple sources of revenue and long-term cash flows.”
Approximately 74% of Contracted Value Already in Execution, with Proposals Submitted for Approximately $13.6 Million of New Projects
Engineering Installations May Create Opportunities for Long-Term LPG Supply and Recurring Revenue
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