Strong Financial Position
Fuel Tech ended 2024 with cash, cash equivalents, and investments totaling approximately $30 million and no long-term debt.
Positive Outlook for 2025 Revenue
The company expects that total revenues for 2025 will exceed $30 million, with both business segments (FUEL CHEM and APC) exceeding their performance in 2024.
FUEL CHEM Segment Performance
The FUEL CHEM business segment starts 2025 with the best performance seen in years, driven by the return to full operation of base accounts and new commercial accounts added in the fourth quarter of 2024.
Data Center Market Opportunities
Fuel Tech is pursuing larger contract value inquiries related to the expansion of power generation for data centers, driven by significant projected growth in this market.