Recent Updates — HTOOW
Fusion Fuel Green PLC announced that its indirect subsidiary, Al Shola Gas, signed subcontracts for ten LPG engineering projects in the UAE with an anticipated aggregate value of approximately $1.4 million. Three projects awarded in June 2026 are valued at $1.24 million and support over 3,450 residential units, while seven additional projects awarded in July 2026 total $175,000. The company expects potential annual utility revenue of up to $1.02 million from these engineering contracts. Additionally, Al Shola Gas entered into a supply agreement with an Abu Dhabi-based hospitality group, representing a potential revenue opportunity of $820,000 to $1.09 million over the next 18 months. Fusion Fuel Green PLC operates as a diversified energy platform providing LPG distribution, hydrogen solutions, and biomass steam services.
On August 7, 2026, Fusion Fuel Green PLC entered into a Securities Purchase Agreement to raise approximately $1,550,000 in gross proceeds through a private placement PIPE. The company issued 431,367 Class A ordinary shares and warrants for an aggregate of 795,662 shares (including pre-funded warrants) at a purchase price of $2.55 per share, based on the five-day VWAP ending August 6, 2026. The common warrants carry a three-year term with an exercise price of $3.50 per share. Proceeds are designated for general corporate and working capital purposes. Additionally, the company amended its legal services agreement with Bevilacqua PLLC to apply a 15% discount on outstanding non-SEC maintenance fees and issued equity valued at $100,000 as part of the settlement arrangement. Fusion Fuel Green PLC operates in the green hydrogen industry, focusing on the production and distribution of renewable energy fuels.
Fusion Fuel Green PLC completed its acquisition of Royal Uranium Inc. on July 21, 2026, pursuant to a Share Exchange Agreement dated February 18, 2026. Fusion Fuel issued up to 3,750,018 Class A ordinary shares (or pre-funded warrants) to acquire 100% of Royal Uranium's outstanding shares. The transaction values Royal Uranium at $15 million and results in approximately €6.4 million in preliminary goodwill on the pro forma balance sheet as of December 31, 2025. Fusion Fuel Green PLC operates in the energy sector, focusing on fusion technology development.