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Flotek Industries Awarded Its First Contract to Deliver Power Services for Utilities Infrastructure Support
Prnewswire· 2026-03-03 11:55
Core Insights - Flotek Industries, Inc. has secured its first contract in the utilities infrastructure sector, focusing on delivering power services to support federal disaster recovery initiatives [1] - The contract involves the installation of up to 50 megawatts (MW) of advanced power generation equipment, utilizing Flotek's proprietary PWRtek platform for enhanced efficiency and resilience [1] Contract Details - The initial term of the contract is six months, starting in the second quarter of 2026, with an option for the customer to extend for an additional four years at the same rental rate [1] - Revenue during the initial term will depend on the customer's final power requirements, potentially totaling approximately $1 million per MW if the full 50 MW is deployed [1] - Equipment deployment will occur in phases over several weeks following the contract start date, allowing for operational integration [1] Technology and Services - Flotek will provide up to 50 MW of scalable power integrated with advanced gas distribution and smart conditioning systems [1] - The smart conditioning skids are designed to optimize fuel delivery and ensure continuous performance, while the gas distribution skid allows independent fuel control for each generator set [1] - The deployment aims to energize a newly constructed residential location and support local critical infrastructure [1] Strategic Importance - This contract represents a significant milestone for Flotek, showcasing its capabilities in delivering high-reliability utilities infrastructure support under challenging conditions [1] - The opportunity highlights the strong demand for Flotek's advanced power technologies in emergency and infrastructure markets, aligning with the company's corporate strategy [1]