Stabilis Solutions Announces Extension of LNG Fuel Contract in Support of Grid Resiliency
April 30, 2024 at 08:30 am
Share
Stabilis Solutions, Inc. 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.
Stabilis Solutions, Inc. and its subsidiaries is an energy transition company. The Company provides turnkey clean energy production, storage, transportation and fueling solutions primarily using liquefied natural gas (LNG) to multiple end markets. The Company provides liquefied natural gas (LNG) solutions to customers in diverse end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets. It builds and operates cryogenic natural gas processing facilities, called liquefiers, which convert natural gas into LNG through a purification and multiple stage cooling process. It owns and operates a liquefier that can produce up to 100,000 LNG gallons per day in George West, Texas and a liquefier that can produce up to 30,000 LNG gallons per day in Port Allen, Louisiana. It offers its customers a virtual natural gas pipeline by providing turnkey LNG transportation and logistics services in North America.
STABILIS SOLUTIONS, INC. 
