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Flotek Industries announced a 10-year agreement with the Puerto Rico Electric Power Authority to support natural…
FTKFlotek Industries Inc
Flotek Industries announced a 10-year agreement with the Puerto Rico Electric Power Authority to support natural gas-fired grid enhancement initiatives. The company expects to generate approximately $400 million in revenue backlog through equipment rentals and deployment of its proprietary PWRtek platform, which includes up to 40 MW of primary power generation capacity and smart conditioning systems. Annual revenue is projected at roughly $40 million upon full deployment, with support equipment scheduled for Q4 2026 delivery and initial power generation components by the end of Q1 2027. Flotek Industries operates in the energy sector, providing advanced data analytics and chemistry solutions.