Browsing Tag
Power Expectations
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Flotek secures 10-year Puerto Rico power role as $400m backlog tests PWRtek strategy
Flotek Industries expects up to $40 million in annual revenue from equipment and fuel-optimisation services supporting Puerto Rico’s 400MW temporary generation project. The award could materially expand recurring revenue, but Flotek’s 10% project scope and dependence on wider execution make the headline backlog conditional rather than assured.