Fusion Fuel Green PLC (NASDAQ: HTOO)

Fusion Fuel Green PLC is an Ireland incorporated public limited company that, after discontinuing its legacy green hydrogen electrolyzer business in late 2024, now concentrates on gas distribution through its subsidiary QIND and Al Shola Gas and is developing a hydrogen solutions service via Bright Hydrogen Solutions.

The company generates revenue primarily from the LPG distribution and related services provided by QIND and its subsidiary Al Shola Gas, which include design, supply, installation, maintenance of LPG systems, bulk LPG sales and cylinder distribution, and it anticipates future revenue from advisory, engineering, equipment sales and project oversight for green hydrogen projects through Bright Hydrogen Solutions.

The company operates through the following segments: Gas Distribution and Hydrogen Solutions.

• Gas Distribution: This segment involves the design, supply, construction, operation and maintenance of LPG systems, the supply of LPG in bulk and cylinder formats, and related services such as billing, monitoring and safety certification for commercial and industrial clients in Dubai.

• Hydrogen Solutions: This segment focuses on providing advisory services, engineering studies, equipment procurement, construction and regulatory compliance, and operation and maintenance for green hydrogen projects, aiming to deliver end to end project solutions for clients seeking sustainable hydrogen production.

Within the gas distribution industry Al Shola Gas holds a strong position in the Dubai market, competing with firms such as Royal Development for Gas Works, Al Fanar Gas and Lahej & Sultan, and differentiates itself through its ISO 9001 certification, compliance with Dubai Civil Defense regulations and an extensive distribution network that delivers over 20,000 LPG cylinders and more than 500,000 liters of bulk LPG each month. In the emerging hydrogen solutions market the company leverages its prior electrolyzer experience to offer technical expertise and integrated services, positioning itself against larger engineering firms and energy companies by emphasizing customized, cost effective project delivery.

The Gas Distribution segment serves commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens and dining establishments in Dubai, while the Hydrogen Solutions segment targets project developers, industrial firms and utilities interested in developing green hydrogen projects.