Fuel Tech Announces Air Pollution Control Contracts Valued at Approximately $10 Million
Rhea-AI Summary
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.
Positive
- $10 million in APC contract awards
- SCR integration supports a ~100 MW plant capacity increase
- Engineering work to begin immediately; equipment deliveries from late 2027
- Two industrial upgrades slated for completion in Q3 2026
Negative
- Primary municipal project tied to a multi-year timeline with operational start in 2029
- Major contract revenue recognition likely delayed until 2027–2029 delivery and commissioning phases
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner shows peers CECO, SCWO, and ZONE up roughly 7.95%, 4.22%, and 6.36%, respectively, but FTEK’s move and direction are not specified, pointing to a stock-specific read on this contract news.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 23 | Call scheduling | Neutral | +0.8% | Announcement of timing and access details for Q1 2026 results call. |
| Mar 03 | Q4/FY 2025 earnings | Negative | -10.1% | Revenue growth with higher margins but continued net loss for quarter and year. |
| Feb 19 | Call scheduling | Neutral | +5.1% | Scheduled Q4 and full-year 2025 earnings release and investor conference call. |
| Nov 04 | Q3 2025 earnings | Positive | -12.7% | Improved margins, positive net income, higher APC backlog, and Wahlco IP acquisition. |
Earnings reports have recently coincided with notable downside moves, while generally neutral scheduling releases have seen modest gains.
Over the past six months, Fuel Tech has focused on earnings updates and conference-call scheduling. Q3 2025 results on Nov 4 highlighted higher gross margin, positive net income, a larger APC backlog, and the Wahlco IP acquisition, yet shares fell 12.7%. Q4 and full-year 2025 results on Mar 3 showed revenue growth but continued losses and triggered a 10.14% decline. In contrast, neutral conference-call scheduling releases on Feb 19 and Apr 23 saw small positive reactions. Today’s APC contract win adds to that operating backdrop.
Market Pulse Summary
This announcement highlights new APC contracts worth about $10 million, anchored by SCR technology for two new gas turbines adding roughly 100 MW of capacity and supported by two industrial upgrade orders completing in Q3 2026. The project schedule spans equipment deliveries beginning in late 2027 with plant operation expected in 2029. In recent filings, Fuel Tech emphasized APC backlog growth and data-center-related opportunities; this win fits that narrative and underscores the importance of tracking future awards and execution milestones.
Key Terms
selective catalytic reduction technical
selective non-catalytic reduction technical
computational fluid dynamics technical
dissolved gas infusion technical
AI-generated analysis. Not financial advice.
WARRENVILLE, Ill., April 28, 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
The new awards were led by a contract that calls for the integration of Fuel Tech’s Selective Catalytic Reduction (SCR) pollution control technology with two new natural gas-fired turbines for a large, publicly-owned Midwest municipal utility. These new turbines will increase the plant’s output by approximately 100 MW and enable the utility to better meet the region’s rapidly growing electricity demand driven by population growth, as well as to support commercial activities related to manufacturing expansion and data center projects.
The expanded generating station is expected to become operational in 2029. Fuel Tech is expected to commence engineering work immediately with equipment deliveries scheduled to begin in late 2027.
Two orders were received from our historical industrial customer base, one for a customer in the South for an upgrade to its NOxOUT® Selective Non-Catalytic Reduction (SNCR) system. Fuel Tech’s SNCR technology is a proven solution for utility and industrial combustion unit owners looking to comply with more stringent NOx control requirements. Delivery of the upgrade will be completed in Q3 2026. The second was from an industrial customer in the Midwest for an enhancement to its SCR system which is also expected to be completed in Q3 of this year.
“We are proud to support this municipal utility plant expansion and to play a role in meeting this area’s growing demand for energy,” said Vincent J. Arnone, President and CEO. “This project is designed to enhance the reliability of the grid to enable a more resilient grid system in support of commercial activities and data center construction.
“Investments in power infrastructure are increasing across the country, and Fuel Tech’s suite of emissions control solutions are designed to deliver clean, reliable power to communities. Securing this contract is a testament to our continual focus on business development and a reflection of our reputation in the emissions control industry. Additionally, we continue to support our historical industrial customer base as they look to expand their operations on a global basis.”
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 1,300 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. 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.
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:
Vince Arnone
President and CEO
(630) 845-4500
Devin Sullivan
Managing Director
The Equity Group Inc.
dsullivan@theequitygroup.com
