Welcome to our dedicated page for American Power news (Ticker: APGI), a resource for investors and traders seeking the latest updates and insights on American Power stock.
American Power Group Corporation (APGI) is a U.S.-based dual fuel diesel engine conversion technology company whose news flow centers on alternative fuels, emissions reduction, and deployment of its patented Dual Fuel systems. Press releases describe APG as the leading U.S.-based provider of dual fuel diesel engine conversion technology, with activity across stationary/off-road power and Class 8 heavy-duty truck markets.
News updates often cover stationary S4000 Dual Fuel projects in oil and gas operations, manufacturing, hospitals, data and blockchain centers, frozen goods warehousing, peak-shaving, public and government buildings, and microgrids. APG has reported milestones such as tens of millions of cumulative run hours for its stationary and off-road installation base and long-running prime power installations at large facilities.
Investors and industry observers can also follow vehicular developments, including the V7000 next generation Dual Fuel System for Class 8 SCR diesel engines, emissions testing efforts with EPA and CARB, and expansion of APG’s 500+ EPA vehicular engine family approvals. Company news frequently discusses the use of renewable natural gas (RNG), compressed natural gas (CNG), liquefied natural gas (LNG), and other natural gas sources to displace diesel fuel while maintaining power and torque.
In addition, APG issues updates on capital raises, shareholder transactions, and financial results, such as private placements with its largest shareholder and revenue trends tied to frack engine conversion orders. Coverage also includes participation in industry conferences, policy events, and discussions on the role of RNG in heavy-duty transportation and potential applications in AI-driven data center power. For those tracking APGI, this news page provides a centralized view of the company’s operational, financial, and strategic announcements.
American Power Group (APGI) has unveiled its V7000 next generation dual fuel system for Class 8 heavy-duty SCR diesel engines. This system allows existing diesel trucks to run on up to 60% natural gas, including renewable natural gas (RNG). Key features include:
1. Expanded dual fuel calibration Engine Control Module
2. New telematics capabilities for real-time fuel savings tracking
3. Promising emission reduction results, especially for NOx
4. Focus on newer SCR engine platforms (2020-2022)
5. Cost-effective alternative to purchasing new alternative fuel trucks
APG is currently undergoing EPA/CARB emissions testing to expand its 500+ engine family approvals. The company aims to address CARB Near-Zero Emission Vehicle objectives and provide a practical solution for fleets transitioning to cleaner fuels.
American Power Group (OTC PINK:APGI) has announced $1.4 million in new orders for their S4000 Stationary Dual Fuel Systems, following $800,000 in orders announced on August 6, 2024. This brings the total new orders since August 1st to $2.2 million. The initial $800,000 will ship in September 2024, with most of the $1.4 million follow-on orders expected to ship in December 2024.
APG's S4000 Dual Fuel Technology allows up to 65% diesel fuel displacement with natural gas, providing financial savings and environmental benefits. The system is compatible with various OEM diesel engine platforms and power ratings from 100kW to 12MW. APG's technology is gaining traction among Exploration and Production companies due to its reliability, ease of operation, and ability to help meet ESG goals.
American Power Group (OTC Pink: APGI) announced receiving $2.2 million in follow-on orders since October 1st, with $800,000 to be shipped in the September 4th fiscal quarter. Fiscal 2024 YTD revenue is approximately $2.9 million, over 230% higher than fiscal 2023, driven by stronger dual fuel stationary conversion revenue. APG's S4000 Dual Fuel Technology can displace up to 65% of diesel fuel with natural gas, offering cost savings and emissions reduction. The company has converted over 325 diesel frac engines/pumps to date and reached a 15 million cumulative run hour milestone in May 2023. APG currently has $4 million+ in outstanding customer quotes and is working to convert these into orders.
American Power Group (APG) announced its sponsorship and participation at The Transport Project's Better Than Zero Summit from June 24-26, 2024, in Nashville, TN. APG's CEO/CFO, Chuck Coppa, will participate in a panel on 'Clean Heavy-Duty Vehicle Technologies' on June 25. APG will showcase its V7000 Dual Fuel System, which allows Class 8 diesel trucks to displace up to 60% diesel with natural gas, including renewable natural gas (RNG). This system has been validated to achieve a carbon intensity score of -104 to -145 gCO2e/MJ, potentially avoiding 500-610 metric tons of CO2 annually per vehicle. APG's technology is cost-effective and aims to help fleets transition from diesel to alternative fuels efficiently.
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