Stabilis Energy announces extension of LNG fuel contract

Stabilis Solutions announced the extension of its LNG supply agreement with a leading global provider of on-demand industrial power solutions, together with an update on Stabilis’ role as a solutions provider of choice for peak load, intermittent, distributed, and emergency relief power needs across multiple industries. Stabilis continues to enhance its role as a leading clean fuel and power solutions provider for behind-the-meter clean energy installations. Under the terms of Stabilis’ supply agreement extension, Stabilis will provide turnkey production and last mile delivery of up to 9.5 million gallons of LNG to generate roughly 23 megawatt-hours of grid resiliency power in support of communities along the Gulf Coast through June 2025. Like marine bunkering and aerospace, power generation represents a significant growth sector for Stabilis. In 2023, Stabilis delivered LNG to generate approximately 236,000 megawatts of energy to the power generation sector, representing 25% of total revenue. Stabilis anticipates that future demand for its behind-the-meter power solutions will be driven by significant growth within the data center, manufacturing, and broader industrial sectors, together with weather-related and emergency relief events.