Welcome to our dedicated page for Fuel Tech news (Ticker: FTEK), a resource for investors and traders seeking the latest updates and insights on Fuel Tech stock.
Fuel Tech, Inc. reports developments in emissions control, boiler optimization and water treatment technologies for utility and industrial applications. Company news commonly covers financial results, Air Pollution Control awards, Selective Catalytic Reduction projects, and activity in the FUEL CHEM® segment, which applies chemical programs and modeling to boiler performance issues.
Updates also describe progress in the DGI® Dissolved Gas Infusion division, customer demonstrations, backlog and contract activity, conference presentations, and the balance-sheet context included with quarterly reporting. The recurring themes center on project timing, segment revenue mix, utility and industrial customer demand, and commercialization of Fuel Tech’s engineering-based environmental technologies.
Fuel Tech (FTEK) announced multiple air pollution control contracts totaling approximately $2.8 million for utility and industrial customers, including new domestic and international clients.
The awards include a urea reagent delivery system for a U.S. utility’s natural gas power plant expansion, supporting SCR systems to cut NOx emissions, with engineering starting immediately and equipment delivery expected in the third quarter of 2027. Two additional contracts cover electrostatic precipitator performance modeling, both expected to be completed in the fourth quarter of 2026. A further contract from a repeat domestic customer will demonstrate SNCR technology on a waste incinerator unit in the third quarter of 2026, which could lead to permanent equipment orders in the fourth quarter of 2026.
The company reports year-to-date announced bookings of $15 million and an effective backlog of $20 million, and it is pursuing additional APC contracts it expects may be awarded within 60–90 days.
Fuel Tech (FTEK)/b) will present at the H.C. Wainwright 28th Annual Global Investment Conference in New York City on September 14–16, 2026.President & CEO Ramesh Nuggihalli, appointed in August 2026, and board member Vincent J. Arnone are scheduled to speak. The company says Nuggihalli brings more than 30 years of global leadership experience across power, industrial, water, and environmental sectors. The formal presentation is set for September 14, 2026 at 1:30 p.m. Eastern Time and will be webcast live via the Events section of Fuel Tech’s website, with a replay available for up to 90 days.
Fuel Tech (FTEK)/b) named long‑time independent director Sharon L. Jones as Chair of the Board, effective September 15, 2026, as part of a planned leadership transition.Jones succeeds Vincent J. Arnone, who previously retired as President and CEO and will remain on the Board as a director. She has served on Fuel Tech’s Board since March 2018, chairing the Compensation Committee and serving on the Audit and Nominating and Corporate Governance Committees. Jones brings prior senior leadership experience from Alliant Techsystems and an early career as a research chemist at Dow Chemical.
Fuel Tech (NASDAQ:FTEK) reported Q2 2026 revenues of $6.5 million, up 17% from $5.6 million, driven by 11% growth in the Air Pollution Control (APC) segment to $2.8 million and 21% growth in FUEL CHEM to $3.7 million. Consolidated gross margin declined to 41% from 46% due to less favorable product and project mix and higher costs. Net loss widened to $1.2 million, or $(0.04) per share, from $0.7 million, or $(0.02) per share; Adjusted EBITDA loss was $1.2 million versus $0.9 million.
APC backlog was $14.3 million at June 30, 2026 versus $7.0 million at December 31, 2025, and including recently announced $3 million of awards, effective backlog is about $17 million. Fuel Tech ended the quarter with roughly $30 million in cash, cash equivalents and investments, no debt, and stockholders’ equity of $37.4 million. The company announced that Ramesh Nuggihalli will succeed Vincent J. Arnone as President and CEO effective August 10, 2026, with Arnone remaining on the Board.
Fuel Tech (NASDAQ:FTEK) appointed Ramesh Nuggihalli as President and Chief Executive Officer, effective August 10, 2026, and named him to the Board of Directors. He succeeds Vincent J. Arnone, who is retiring as an executive after 27 years with Fuel Tech, including 11 years as President and CEO.
According to Fuel Tech, Mr. Arnone will remain on the Board and support a transition period. Nuggihalli brings 30+ years of global leadership experience across environmental, power, water and industrial markets, with senior roles at CECO Environmental, Xylem, Pentair & Tyco, General Electric, AMETEK, Babcock & Wilcox and SNC-Lavalin. His background includes commercial and operational excellence, M&A, and growth initiatives in emerging and multinational markets.
Fuel Tech develops proprietary emissions control and water treatment technologies, including NOx and particulate reduction systems, TIFI Targeted In-Furnace Injection for combustion units, and DGI Dissolved Gas Infusion water treatment systems, installed on over 2,100 units worldwide.
Fuel Tech (NASDAQ: FTEK) announced two new air pollution control contracts with industrial customers totaling approximately $2.6 million. One order, from a new domestic industrial customer, covers SCR systems with UDI Urea Direct Injection reagent delivery systems for two new natural gas-fired turbines, targeting reductions in NOx, CO and VOC emissions while avoiding ammonia handling hazards.
Engineering for this project begins immediately, with equipment delivery scheduled for Q4 2027. A separate change order from a repeat domestic customer modifies scope and accelerates delivery of an ongoing SCR project, now expected to be completed in Q3 2026. According to Fuel Tech, these awards increase announced year-to-date bookings to $12.6 million as the company continues to pursue additional APC contracts expected by the end of Q3 2026.
Fuel Tech (NASDAQ: FTEK) will release its 2026 second quarter financial results for the period ended June 30, 2026 on Tuesday, August 4, 2026 after the market close. Management will discuss the results on a conference call on Wednesday, August 5, 2026 at 10:00 a.m. ET / 9:00 a.m. CT.
Participants can join the call by dialing (877) 423-9820 (domestic) or (201) 493-6749 (international), or via the Upcoming Events section at www.ftek.com. A Q&A session will follow prepared remarks, and questions may also be emailed in advance to devin.sullivan@theequitygroup.com. An online replay will be available at the company’s website.
Fuel Tech (NASDAQ:FTEK) is set to join the Russell Microcap® Index, effective at the U.S. market open on June 29, 2026, following the 2026 Russell index reconstitution.
Membership, based on market-cap rankings, brings automatic inclusion in relevant growth and value style indexes.
Fuel Tech (NASDAQ: FTEK) reported Q1 2026 results for the quarter ended March 31, 2026. Consolidated revenue was $6.08M, down 5% year-over-year; consolidated gross margin was 43.5%. Net loss was $1.4M (‑$0.04 per share). Cash and investments totaled $30.6M and the company reported no long-term debt. APC revenue rose 23% to $1.6M and APC backlog stood at $6.9M at March 31, 2026 (not including ~$10M of recently awarded APC contracts). FUEL CHEM revenue declined to $4.5M. Management hosted a conference call on May 6, 2026.
Fuel Tech (NASDAQ: FTEK) announced multiple air pollution control contracts valued at approximately $10 million with U.S. utility and industrial customers.
Key awards include integration of Fuel Tech’s SCR technology on two new natural gas turbines adding ~100 MW; plant expected operational in 2029. Engineering begins immediately; equipment deliveries start in late 2027. Two industrial orders (SNCR upgrade and SCR enhancement) are scheduled for delivery in Q3 2026.