Flotek Awarded 10-Year Contract to Support a 400 MW Power Project for Puerto Rico Electric Power Authority
PRNewsWire
Published: Aug 03, 2026, 07:00 PM GMT+9
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Flotek Industries, Inc. (NYSE: FTK ), a pioneer in advanced real-time data analytics and chemistry solutions for the energy and infrastructure sector, today announced a 10-year agreement to support natural gas-fired grid enhancement initiatives for the Puerto Rico Electric Power Authority ("PREPA"), the electric utility for the Commonwealth of Puerto Rico.
Under the agreement, Flotek expects to generate a revenue backlog of approximately $400 million through the rental of gas-fired power generation equipment, together with deployment of the Company's proprietary smart conditioning and distribution systems.
Flotek has partnered with Power Expectations LLC, which leads the group executing the Emergency Temporary Power Generation Puerto Rico project (RFP 3PPO-0314-20-TGP2).
The initiative is expected to deploy 400 MW of natural gas-fired power generation capacity to address Puerto Rico's ongoing energy crisis.
Flotek is providing its proprietary PWRtek platform, including up to 40 MW of primary power generation capacity and up to six pairs of smart skids with advanced conditioning, real-time analytics, and gas distribution systems, working alongside experienced local partners for on-ground execution and project management.
Rental Services: Flotek is expected to supply up to six pairs of smart conditioning and distribution skids as components of its proprietary PWRtek platform, along with up to 40 MW of primary power generation capacity.
These systems are expected to deliver state-of-the-art fuel management, pressure regulation, and real-time engine optimization across the full 400 MW project, improving resiliency and performance.
At full deployment, annual revenue is expected to total approximately $40 million, with a potential 10-year revenue backlog of approximately $400 million.
Support equipment is expected to begin deployment in the fourth quarter of 2026, with the initial power generation equipment and conditioning and distribution skids expected by the end of the first quarter of 2027.
The contract provides for a 10-year term.
" This contract exemplifies the execution of our corporate strategy and strengthens the momentum of Flotek's industrialized pivot to a data-driven technology leader," said Dr. Ryan Ezell, CEO of Flotek Industries. " Our transformative PWRtek platform has evolved from advanced analytics into a comprehensive end-to-end fuel management and optimization solution for behind the meter power generation. By pairing reliable natural gas-powered generation with smart conditioning, real-time analytics, and advanced distribution capabilities, we are delivering high-uptime, high-margin solutions that meet critical energy infrastructure needs. This opportunity in the utilities sector further validates the strong demand for our PWRtek platform beyond traditional oil and gas and reinforces our shift toward recurring, high-margin revenue streams."
Source: PRNewsWire
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