Fusion Fuel Green PLC (NASDAQ:HTOO) jumped 9.9% in premarket trading on Wednesday after revealing that Al Shola Al Modea Gas Distribution LLC — in which Fusion Fuel holds an indirect stake — has won two engineering contracts in Dubai worth roughly $1.37 million.
The deals, finalized in the last week of November 2025, cover the full lifecycle of central Liquified Petroleum Gas (LPG) infrastructure for two large residential developments, including design, installation, commissioning, and regulatory approvals. In addition to the upfront contract value, the projects are expected to deliver about $629,000 in recurring annual LPG supply revenue once operational.
The larger of the two awards is a $1.23 million contract for a major mixed-use residential complex in Dubai’s Motor City. The project spans seven towers, 2,900 residential units, 18 commercial boiler rooms, and 18 food-and-beverage outlets. Once active, it will become the biggest single development in Al Shola Gas’s portfolio, generating an estimated $630,000 per year from ongoing LPG delivery.
The second contract, valued at $136,000, covers two residential buildings with 333 units in Al Furjan. It is the company’s first engagement with that developer, and negotiations for long-term LPG supply are still underway.
Sanjeeb Safir, Managing Director of Al Shola Gas, said the contract wins highlight the steady growth of its engineered gas systems division in Dubai, adding that the Motor City project will materially expand the company’s operating footprint.
During the same period, Al Shola Gas also secured additional smaller contracts worth approximately $328,000.