Sky Quarry Seeks Partners to Monetize Its 7 MW Power Capacity
Rhea-AI Summary
Sky Quarry (NASDAQ:SKYQ) issued a Request for Proposals on January 13, 2026 to monetize its 7 MW of installed Solar Centaur Caterpillar gas turbine generation at the PR Spring facility near Vernal, Utah. The company said the turbines are operable, transportable, and capable of co‑generative operation with on‑site steam, enabling continuous service.
Sky Quarry stated delivered power could be competitive, often around $0.05 per kWh depending on fuel and profile, and noted the turbines were part of the original design for its approximately $50 million PR Spring facility while current process changes reduced on‑site energy needs.
Positive
- Installed 7 MW gas turbine capacity at PR Spring
- Potential delivered power cost near $0.05 per kWh
- Turbines are operable and transportable, reducing procurement lead time risk
- Installed as part of the original $50 million PR Spring facility
Negative
- Company determined full 7 MW is not required due to lower demand
- Leasing or selling capacity signals an underutilized asset
- Regional transmission limitations may complicate external commercialization
News Market Reaction
On the day this news was published, SKYQ declined 10.60%, reflecting a significant negative market reaction. Argus tracked a peak move of +46.6% during that session. Argus tracked a trough of -22.9% from its starting point during tracking. Our momentum scanner triggered 28 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $17M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SKYQ was down 3.2% while key peers like CGBS (-39.67%), VIVK (-17.11%) and SLNG (-3.98%) were also negative, but no peers appeared in the momentum scanner, suggesting the move was not part of a confirmed sector-wide momentum event.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 22 | RWA token update | Positive | -2.9% | Progress on MOU with Continuum for real-world asset token platform. |
| Sep 30 | Digital treasury plan | Positive | +36.0% | Board-authorized digital asset treasury strategy up to <b>$100M</b> capital. |
| Sep 11 | Leadership change | Positive | +0.2% | Co-founder Marcus Laun appointed interim CEO with capital markets focus. |
| Aug 26 | Investor webinar | Neutral | -2.1% | Announcement of investor webinar on digital treasury strategy. |
| Aug 20 | Tokenization MOU | Positive | -3.2% | MOU with Continuum to explore blockchain tokenization of commodities. |
Recent history shows mixed reactions to strategic news, with several positive/tokenization updates followed by negative price moves, indicating a tendency toward skepticism on announcements.
Over the last five months, Sky Quarry has emphasized digital asset and tokenization strategies, including an MOU with Continuum on Aug 20, 2025 and a detailed digital asset treasury plan on Sep 30, 2025. Governance shifted with Marcus Laun becoming interim CEO on Sep 11, 2025. Market reactions have been inconsistent: some strategic updates, such as the digital treasury strategy, saw a +36% move, while other seemingly positive MOU and RWA-token news produced declines. Today’s PR Spring power RFP fits the pattern of asset monetization and balance-sheet-focused initiatives.
Regulatory & Risk Context
An effective Form S-3 shelf filed on Nov 21, 2025 allows Sky Quarry to offer up to $1,000,000,000 in various securities over time, providing significant financing flexibility for working capital, corporate purposes and potential acquisitions, subject to smaller reporting company sale limits.
Market Pulse Summary
The stock dropped -10.6% in the session following this news. A negative reaction despite the RFP could fit the pattern where strategic announcements, including tokenization MOUs, previously coincided with price declines. Investors may be focusing on Sky Quarry’s need to monetize assets at PR Spring rather than the theoretical value of 7 MW of capacity at about $0.05/kWh. The sizeable $1,000,000,000 S-3 shelf also underscores that future capital raises remain a possibility, which can weigh on sentiment.
Key Terms
request for proposals (rfp) financial
co-generative operation technical
utility-scale power technical
AI-generated analysis. Not financial advice.
Potential for utility scale power at approximately
WOODS CROSS, UT / ACCESS Newswire / January 13, 2026 / Sky Quarry Inc. (NASDAQ:SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, announced today that it is issuing a Request for Proposals (RFP) to evaluate commercial utilization of the power generation assets at the Company's PR Spring facility in Utah. The initiative is intended to surface partners who recognize the potential value of the generation capacity owned by Sky Quarry.
Sky Quarry owns two Solar Centaur Caterpillar Gensets. These turbines are currently located at the Company's PR Spring site in Utah. These turbine generators have a combined generating capacity of 7 megawatts. The units are capable of co-generative operation through an on-site steam generator, allowing for highly reliable, continuous operation independent of external deliveries. Sky Quarry is seeking proposals from qualified commercial and industrial users that may benefit from dedicated, utility-scale power in a proven energy region. These generators could also be transported to another site as business needs require.
The Company believes the on-site gas generation at PR Spring can support delivered power costs that are highly competitive in today's market, in many cases in the range of
Following a redesign of planned facility operations at PR Spring, the Company has reassessed its power requirements for future operations at the site. The turbine generators were part of the original design of Sky Quarry's approximately
PR Spring is located near Vernal, Utah, in the Uinta Basin, one of Utah's primary oil and natural gas producing regions. Portions of the basin experience transmission limitations and limited grid redundancy, which increases the importance of dependable on-site generation for energy intensive operations. The region's strong fuel supply also supports stable long-term operation of the turbines.
The market for gas turbines has tightened significantly in recent years due to rapid expansion of artificial intelligence and high-performance computing workloads. These trends have driven new demand for dispatchable industrial power and extended lead times for new turbine equipment. Sky Quarry believes that having installed and operable turbines at PR Spring represents a meaningful advantage in this constrained environment and that their value is not fully reflected in current market perception.
"We have been making steady improvements at PR Spring that better position the site for development," said Marcus Laun, Chief Executive Officer of Sky Quarry. "Through this RFP, we are looking to engage with partners who can make practical use of the generation capacity already in place. There is strong demand for dependable power and turbine supply remains tight, so many companies are facing long waits for equipment. We have capacity installed and ready, and we want to pursue partnerships that make sense for counterparties while reflecting disciplined capital decisions for the Company."
Interested parties may contact jennifer@skyquarry.com for additional information about the RFP.
About Sky Quarry Inc.
Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.
Forward-Looking Statements
This press release may include ''forward-looking statements.'' All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project," or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company's other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the Company's Form 10-K as filed with the SEC on March 31, 2025, and all amendments thereto, as well as the Company's Form 10-Q as filed with the SEC on November 14, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.
Investor Relations
Jennifer Standley
Director of Investor Relations
ir@skyquarry.com
Company Website
SOURCE: Sky Quarry
View the original press release on ACCESS Newswire
FAQ
What is Sky Quarry (SKYQ) offering in its January 13, 2026 RFP?
How much power capacity does PR Spring have and who makes the turbines?
What delivered power price does Sky Quarry cite for PR Spring generation?
Can Sky Quarry move the turbines from PR Spring if needed?
Why is Sky Quarry marketing the PR Spring generation capacity now?
How might regional factors affect commercialization of SKYQ's turbines?
