American Power Group Corporation (APG) announced that it has received approximately US$2.2 million of follow-on orders since October 1st from its network of stationary certified dealer/installers with approximately US$800,000 received and to be shipped in September, the company’s fourth quarter for its fiscal calendar. Fiscal 2024 year-to-date revenue is approximately US$2.9 million which is over 230% higher than fiscal 2023 and attributable to stronger dual fuel stationary conversion revenue.
APG’s S4000 Dual Fuel Technology introduces natural gas from renewable, fossil, or treated field gas into the induction system of a diesel engine, displacing up to 65% of the diesel fuel. The S4000 System does not change any of the original equipment manufacturer (OEM) diesel engine components, maintaining base engine temperature and pressure parameters of the OEM engine.
APG’s software-based Dual Fuel solution allows peak diesel displacement of up to 65% with typical average displacement of around 50% without any expensive additional pre-combustion or spark arresting hardware protection required at higher displacement rates. According to APG, the S4000 has a field performance reputation of the highest up-time and lowest total cost of ownership amongst the dual fuel industry. In May 2023, APG announced reaching the 15 million cumulative run hour milestone for stationary dual fuel applications.
Generator power ratings from 100kW to 12MW have been converted to APG’s Dual Fuel Technology on a wide array of OEM diesel engine platforms, including Caterpillar, Cummins, MTU, Detroit Diesel, MAN B&W, Kohler, Perkins, John Deere, Komatsu, Wartsila, Isuzu, Nigata, Isuzu, and Daihtsu.
“In addition to the US$2.9 million of stationary dual fuel conversion and spare parts orders we’ve received since October 1st, we currently have an additional US$4 million + of outstanding customer quotes spread among several of our stationary dealer/installers and are working diligently to convert these quotes into actual orders,” said Chuck Coppa, chief executive officer and chief financial officer of APG. “Displacing up to 65% of the diesel fuel with natural gas has had an enormous impact on operating costs, emissions, and of course carbon footprint for operators using our technology. It’s only going to get better as renewable natural gas becomes more prevalent and renewable diesel becomes more ubiquitous. The ability to run on essentially four sources of fuel gives operators choices without changing the overall reliability of the well proven diesel engine.”