Flotek Industries, Inc. (NYSE:FTK), a pioneer in advanced real-time data analytics and chemistry solutions for the energy and infrastructure sector, today announced a 10-year agreement to support natural gas-fired grid enhancement initiatives for the Puerto Rico Electric Power Authority ("PREPA"), the electric utility for the Commonwealth of Puerto Rico. Under the agreement, Flotek expects to generate a revenue backlog of approximately $400 million through the rental of gas-fired power generation equipment, together with deployment of the Company's proprietary smart conditioning and distribution systems.

 

Flotek has partnered with Power Expectations LLC, which leads the group executing the Emergency Temporary Power Generation Puerto Rico project (RFP 3PPO-0314-20-TGP2). The initiative is expected to deploy 400 MW of natural gas-fired power generation capacity to address Puerto Rico's ongoing energy crisis. Flotek is providing its proprietary PWRtek platform, including up to 40 MW of primary power generation capacity and up to six pairs of smart skids with advanced conditioning, real-time analytics, and gas distribution systems, working alongside experienced local partners for on-ground execution and project management.