Fuel Tech (FTEK) jumped more than 14% after the company said it has won multiple air pollution control contracts from customers in the United States and China worth a total of approximately $15.8 million.
It noted one of the awards was a follow-on order at a domestic data center involved in using Fuel Tech’s Selective Catalytic Reduction (SCR) and urea reagent technologies to reduce nitrogen oxide (NOx) emissions where natural gas is used for power generation. Equipment deliveries are expected to be completed in Q219 for the data center project.
Two orders were received for ULTRA systems that will be installed on industrial and utility units in China being retrofitted with SCR technology. Delivery of these systems is scheduled for Q3.
An additional contract was received for an ULTRA system in the United States for a gas fired unit that supplies combined heat and power at a college campus. Delivery for this system will be completed by Q119.