Established in Dublin, Ireland, in 2018, Fusion Fuel Green PLC is dedicated to hydrogen production, with its core operations concentrated in Portugal, Southern Europe, and Morocco. The company provides a range of solutions, including the sale of its specialized hydrogen generators to clients for their green hydrogen production plants, the direct supply of green hydrogen from its own facilities, and comprehensive operational and monitoring support for plants deploying its generator technology. Its diverse customer base includes natural gas networks and grids, ammonia manufacturers, oil refineries, and various regulatory and governmental organizations.
Fusion Fuel Expands Al Shola Gas LPG Distribution Capacity with New Bobtail Expected to Generate Approximately $1.6 Million in Annual Recurring Revenue at Target Run-Rate
Fusion Fuel's UAE subsidiary Al Shola Gas took delivery of a new LPG bobtail tanker expected to generate approximately AED 6.0 million ($1.6 million) in annual recurring revenue once it reaches a target of roughly 200 metric tons of monthly deliveries.
The unit lifts the Al Shola fleet to 53 vehicles and is projected to ramp to AED 400,000-500,000 ($109,000-$136,000) in monthly revenue within four to six months; a fourth, smaller-format bobtail is already in production to serve congested city-center locations.
Separately, Al Shola Gas secured a Petroleum Products Permit from the Dubai Supreme Council of Energy after a process lasting more than eight months, qualifying it for tenders and positioning it to benefit as Dubai tightens enforcement against non-compliant LPG operators.