Fusion Fuel Green PLC filed a Form 6-K with the SEC on October 28, 2026, furnishing a press release providing an update on the contracted engineering project portfolio of its indirect subsidiary Al Shola Al Modea Gas Distribution L.L.C. in the United Arab Emirates.
Key Highlights
- Six new LPG subcontracts: The press release addresses six new LPG engineering subcontracts awarded to Al Shola Gas in September 2026, according to the filing.
- Revenue expectations disclosed: The filing references expected revenue recognition of approximately $1.0 million in the fourth quarter of 2026, approximately $2.2 million in 2027, and approximately $1.0 million thereafter.
- Motor City work order: Al Shola Gas received a formal work order from a general contractor for a multi-tower residential development in Motor City, Dubai, the filing states.
- Potential utility revenue: The filing cites potential annual utility revenue of approximately AED 2.95 million to AED 3.75 million ($805,000 to $1.02 million) from Motor City, Studio City, and other projects.
- New project proposals: Al Shola Gas submitted proposals for new projects with a combined value of approximately AED 50 million ($13.6 million), per the filing.
- Going concern risk noted: The filing's cautionary language references "material uncertainty regarding the Company's ability to continue as a going concern and its dependence on external financing."
Al Shola Gas Engineering Portfolio and UAE Operations Outlined by Fusion Fuel Green
Fusion Fuel Green PLC (NASDAQ:HTOO), an Irish public limited company, submitted a Form 6-K on October 28, 2026, furnishing a press release concerning Al Shola Al Modea Gas Distribution L.L.C. ("Al Shola Gas"), an indirect subsidiary that provides liquefied petroleum gas engineering, supply, and distribution services in the United Arab Emirates. The press release, attached as Exhibit 99.1, addresses both the current contracted portfolio and recently awarded subcontracts.
According to the filing, Al Shola Gas was awarded six new LPG engineering subcontracts in September 2026. The filing references 31 contracts on which work has not yet commenced, with indicative completion dates provided in the portfolio. Revenue recognition from these contracts is expected across multiple periods: approximately $1.0 million in the fourth quarter of 2026, approximately $2.2 million in 2027, and approximately $1.0 million thereafter. The filing also notes that Al Shola Gas received a formal work order related to a multi-tower residential development in Motor City, Dubai, subject to conditions including pre-qualification approval and the provision of a performance guarantee.
The filing identifies several risk factors associated with the disclosures, including the risk that developers, owners, or general contractors may delay, suspend, modify, or cancel contracted or contemplated projects. Geopolitical instability in the Middle East, including potential disruptions to shipping through the Strait of Hormuz, is also cited as a risk to Al Shola Gas's operations. The cautionary language expressly notes material uncertainty regarding the Company's ability to continue as a going concern. The Form 6-K was signed by Frederico Figueira de Chaves, Chief Executive Officer and Interim Chief Financial Officer, on October 28, 2026.
What Was Disclosed
Fusion Fuel Green PLC furnished a press release via Form 6-K updating investors on Al Shola Gas's LPG engineering project portfolio in the UAE, including six new September 2026 subcontracts, revenue expectations through 2027 and beyond, the Motor City work order, and new project proposals totaling approximately AED 50 million ($13.6 million).




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