Fusion Fuel Green is an Irish-incorporated holding company that has pivoted from green hydrogen electrolyzer manufacturing — a business that collapsed into insolvency in late 2024 — into LPG distribution and alternative energy services. The core operating business is Al Shola Gas, a Dubai-based LPG distributor and systems integrator in which Fusion Fuel holds an effective economic interest of roughly 26% (through a 51.9% stake in QIND, which owns 51% of Al Shola Gas). Al Shola Gas designs, installs, and maintains central LPG pipeline systems for residential towers, mixed-use complexes, shopping centers, restaurants, and industrial facilities across the UAE, and distributes LPG in cylinder and bulk formats. Revenue comes from one-time project work — engineering, supply, and installation of pipeline systems — and recurring utility services, maintenance contracts, and bulk deliveries after project handover. Fusion Fuel also operates two early-stage alternative energy businesses: Bright Hydrogen Solutions, a Madrid-based hydrogen engineering and advisory firm that acts as an authorized sales agent for electrolyzer and hydrogen refueling equipment in southern Europe and Latin America; and Biosteam Energy, a South Africa joint venture that is building a biomass-powered steam generation plant for a dairy facility, with revenue expected from a steam supply agreement and carbon credits once commissioned in 2026. Fusion Fuel trades on OTC Markets under the ticker "QIND" and has indicated plans to uplist to Nasdaq.
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