Fuel Tech Announces Air Pollution Control Contracts Valued at Approximately $2.8 Million

Fuel Tech secures $2.8 million in new APC contracts, lifting year-to-date bookings to $15 million and backlog to $20 million.

Rhea-AI Summary

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.

Positive

• New APC contracts worth approximately $2.8 million from utility and industrial customers
• Year-to-date announced bookings reach $15 million
• Effective backlog reported at $20 million
• Engineering on urea delivery system begins immediately, with delivery targeted for Q3 2027
• ESP modeling contracts expected to be completed in Q4 2026
• SNCR demonstration in Q3 2026 could lead to permanent equipment orders in Q4 2026

Negative

• None.

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+0.61% vs previous close $1.64 last price 0.1x rel. volume Open Argus

Details

Market Reaction – FTEK

$1.64 $1.70 Day Range

$51.20M Market Cap

Following this news, FTEK has gained 0.61%, reflecting a mild positive market reaction. The stock is currently trading at $1.64.

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Market Context

FTEK's prior close was down 5.23% before publication; the comparable Jul 29 APC contract announcemen...

Analysis

FTEK's prior close was down 5.23% before publication; the comparable Jul 29 APC contract announcement recorded a 4.83% 24-hour decline, adding relevant pre-publication context to the new awards.

Key Figures

Contract awards: Approximately $2.8 million Year-to-date bookings: $15 million Effective backlog: $20 million +3 more

Contract awards

Approximately $2.8 million

Multiple APC contracts

Year-to-date bookings

$15 million

Announced bookings in 2026

Effective backlog

$20 million

Following these contract awards

Equipment delivery

Third quarter of 2027

Urea reagent delivery systems

Modeling contract completion

Fourth quarter of 2026

Two ESP performance modeling contracts

SNCR demonstration

Third quarter of 2026

Waste incinerator unit

Historical Context

1 past event · Latest: Jul 29

1 event

1. Jul 29

   Contract awards

   24h Move

   -4.8%

   APC contracts lifted year-to-date bookings to $12.6 million

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

selective catalytic reduction, electrostatic precipitator, numerical electrostatic precipitation, selective non-catalytic reduction, +1 more

5 terms

selective catalytic reduction technical

"support Selective Catalytic Reduction (SCR) systems to reduce nitrogen oxide"

Selective catalytic reduction is an emissions control system fitted to diesel engines that injects a harmless liquid reagent and passes exhaust through a catalyst to convert nitrogen oxides into nitrogen and water. Think of it as a chemical “cleaning step” added to an engine’s exhaust pipe. Investors care because regulations and enforcement drive demand for these systems and their consumables, affect manufacturing costs, create aftermarket service needs, and can influence fines or compliance expenditures for vehicle makers and fleet operators.

electrostatic precipitator technical

"Two separate awards were received for electrostatic precipitator (ESP) performance"

An electrostatic precipitator is an industrial air‑pollution control device that removes tiny solid or liquid particles from exhaust gases by charging them electrically and collecting them on plates or electrodes—like a giant electronic dust catcher for smokestacks. It matters to investors because its performance and condition affect a facility’s ability to meet emissions rules, operate efficiently, control maintenance and fuel costs, and avoid fines or permit restrictions that can influence a company’s financials and reputation.

numerical electrostatic precipitation technical

"into a Numerical Electrostatic Precipitation (NEP) model"

Numerical electrostatic precipitation is the use of computer models and numerical methods to simulate how an electrostatic precipitator removes particles from a gas stream, calculating electric fields, particle charging, gas flow and collection efficiency. It matters to investors because those simulations estimate performance, energy use, maintenance needs and compliance with pollution limits before building hardware, giving a software-based preview of cost, scale and operational risk—like a wind-tunnel test in a computer.

selective non-catalytic reduction technical

"demonstrate Selective Non-Catalytic Reduction (SNCR) technology"

Selective non-catalytic reduction (SNCR) is a smokestack technology that lowers nitrogen oxide (NOx) pollution by injecting a simple chemical like ammonia or urea into hot combustion gases so the NOx is converted into harmless nitrogen and water without using a catalyst. It matters to investors because SNCR affects a facility’s ability to meet air-quality rules, its operating costs, and potential capital spending — like choosing a less expensive but sometimes less efficient pollution-control option.

nox regulatory

"reduce nitrogen oxide (NOx) emissions to meet the site requirements"

NOx are gases made of nitrogen and oxygen produced when fuels burn, commonly called nitrogen oxides; think of the smoky exhaust from a car or a power plant but in gas form. Investors care because NOx emissions trigger regulatory limits, cleanup costs, fines or permit requirements and can affect a company’s operating costs, legal risks and reputation—similar to how a leaking roof can lead to expensive repairs and lower property value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WARRENVILLE, Ill., Sept. 11, 2026 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced the award of multiple air pollution control (APC) contracts valued at approximately $2.8 million for utility and industrial customers.

An order was secured for a urea reagent delivery system for a new U.S. utility customer adding new natural gas-fired turbines and reciprocating engines as part of a power plant expansion. The scope is to supply the urea reagent delivery systems to support Selective Catalytic Reduction (SCR) systems to reduce nitrogen oxide (NO_x) emissions to meet the site requirements. The urea system eliminates the hazards associated with the transport, storage and handling of anhydrous or aqueous ammonia. Fuel Tech will commence engineering work immediately with equipment delivery expected in the third quarter of 2027.  

Two separate awards were received for electrostatic precipitator (ESP) performance modeling services from new domestic and international customers. The ESP modeling incorporates a suite of interdependent computer models into a Numerical Electrostatic Precipitation (NEP) model, which quickly and economically identifies the available upgrade options that can help improve ESP performance and achieve compliance with new and emerging particulate environmental regulations.  Both modeling contracts are expected to be completed in the fourth quarter of 2026.

A contract was also secured from a repeat domestic customer to demonstrate Selective Non-Catalytic Reduction (SNCR) technology on a waste incinerator unit. Fuel Tech’s SNCR technology is a proven solution for industrial combustion unit owners looking to comply with more stringent NO_x control requirements. The demonstration is scheduled for the third quarter of 2026 and, subject to a successful outcome, permanent equipment orders could be secured in the fourth quarter of 2026.

“We are pleased to announce these contract awards and upcoming demonstration that support the needs of our diverse customer base. These orders bring us to $15 million in announced bookings year-to-date, and an effective backlog of $20 million. We are continuing to actively pursue additional APC contracts that are likely to be awarded in the next 60-90 days. We continue to see growth in 2026 with our core products and services as we look towards future strategic growth opportunities,” said Ramesh Nuggihalli, President and CEO.

About Fuel Tech

Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies, and its solutions have been installed on over 2,100 utility, industrial and municipal units worldwide. The Company’s chemical technologies improve the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. This includes Fuel Tech’s advanced TIFI^® Targeted In-Furnace Injection™ technology which offers an innovative solution to fireside treatment on boilers using coal, oil or biomass. Water treatment technologies include DGI^® Dissolved Gas Infusion Systems which utilize a patented saturator and a patent-pending channel injector to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at ftek.com.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.

CONTACT:    Devin Sullivan
                      Managing Director
                      The Equity Group Inc.
                      devin.sullivan@theequitygroup.com

FAQ

What technologies are included in the new Fuel Tech contracts?

The awards include a urea reagent delivery system to support Selective Catalytic Reduction (SCR) systems for NOx reduction at a U.S. natural gas power plant expansion, electrostatic precipitator (ESP) performance modeling using Numerical Electrostatic Precipitation (NEP) models for new domestic and international customers, and a Selective Non-Catalytic Reduction (SNCR) technology demonstration on a waste incinerator unit for a repeat domestic customer.

When are the newly awarded projects expected to be executed?

Engineering for the urea reagent delivery system will start immediately, with equipment delivery expected in the third quarter of 2027. Both ESP modeling contracts are expected to be completed in the fourth quarter of 2026. The SNCR demonstration on the waste incinerator unit is scheduled for the third quarter of 2026, with potential permanent equipment orders in the fourth quarter of 2026, subject to a successful outcome.

How do these contracts affect Fuel Tech’s current business pipeline?

The new awards bring Fuel Tech’s announced bookings year-to-date to $15 million and its effective backlog to $20 million. The company also stated that it is actively pursuing additional air pollution control contracts that it expects may be awarded over the next 60–90 days.