Press Releases

BROOKSHIRE, TX, UNITED STATES, September 23, 2024 /EINPresswire.com/ -- Signal Power Group Operating, LLC (“Signal Power" or “SPG”) announced today that together with Eco2Power, (“E2P”), an affiliate of SPG that manufactures, sells and supports SPG products internationally, have signed a memorandum of understanding (“MOU”) with Netza, a premier technology – oriented manufacturing company, recently recognized with the “Industrial Innovation Award” by the Institute of Industrial and Technological Development in the Province of Mendoza. Netza has significant experience in the Oil & Gas industry with a best-in-class manufacturing facility located in Mendoza, Argentina. SPG and E2P’s design, manufacturing and product integration teams will work with Netza’s manufacturing team at Netza’s facilities to locally produce proprietary turbine driven equipment for Power Generation, Gas Compression, Combine Heat and Power and Hydraulic Pressure Pumping used in unconventional field development. The parties intend to work closely together to modularize the construction of this equipment using a certified supply chain and state of the art manufacturing and assembly processes. The core of the equipment produced in Argentina will be the turbine power module which has been designed to assure the unique and specialized SPG turbine drive trains are continuously receiving clean air, clean fuel and properly designed lubrication flow. Rob Marchitello, SPG’s Chief Executive Officer stated, “We are excited to work with Netza to produce world class equipment in Argentina to serve our local customers and to export around the world. Argentina stands out with its vast energy reserves, a skilled and dedicated workforce, and our clients in this market have shown that the Vaca Muerta shale formation is one of the largest and most productive resources globally.” Estanislao Schilardi Puga, Netza’ s CEO, expressed his enthusiasm about Netza’s new partnership with SPG and E2P: “We are thrilled to collaborate with SPG and E2P. Their commitment to delivering thoroughly tested and advanced turbomachinery equipment worldwide while operating on CNG, LNG, and RNG—100% natural gas—makes them an ideal partner for Netza. Knowing that SPG is backed by a world-renowned investor, makes the technology development and manufacturing integration initiative very exciting.” For more information on SPG, visit www.signalpowergroup.com For more information on Netza, visit https://netza.com.ar/ About SPG SPG is a leading provider of sustainable energy solutions, and related services for the global industrial, energy and marine markets. SPG’s product offerings include turbine drive trains and related solutions for electric power generation, including microgrids, datacenters, combined heat and power and mobile power solutions, natural resources applications and the marine end markets. About E2P E2P provides SPG’s solutions for Pressure Pumping, Power Generation, Combined Heat and Power and Turbine Driven Gas Compression for the Energy and Industrial Markets outside of the USA with offices in Argentina and Brazil and expanding to the Middle East, India and the rest of Latin America. E2P specializes in engineering and operating industrial equipment that runs 100% on various types of clean fuel including natural gas, CNG, LNG, RNG, Syngas and various blends of hydrogen. E2P also provides Subsurface Knowledge Solutions with proprietary technologies globally to the Energy, Mining and Industrial Markets with a presence in Argentina, Brazil, USA and Norway. About Netza Netza is a company with over ten years of experience in engineering and metal-mechanical construction for the oil, mining, and energy industries. It operates a facility of more than 150,000 sq ft of covered area located in the Province of Mendoza, Argentina. With cutting-edge technology, highly qualified personnel, and an integrated management system, Netza meets the demands of the most important industries worldwide. In 2024, it obtained the Industrial Innovation Award for becoming a regional leader in the manufacture of heat exchangers. Innovation, quality, and teamwork are the pillars of its growth. J. Chris Boswell Signal Power Group +1 888-774-7697

BROOKSHIRE, TEXAS, UNITED STATES, June 26, 2024 /EINPresswire.com/ -- Signal Power Group (“Signal Power" or “SPG”) and it’s affiliated company Eco2Power, Inc. (“E2P”) announced today that they have signed a memorandum of understanding (“MOU”) with Comanche Gas Solutions, LLC, a premier field natural gas conditioning & fuel management services company (“Comanche”) that provides field natural gas solutions to E&P operators and oil field service companies. SPG and E2P have evaluated the needs for field gas distribution capabilities in the Vaca Muerta Shale in Argentina and believe that Comanche is the ideal partner to assure that our clients in Argentina (and other international locations) can access clean, affordable natural gas at their wellsite. Comanche will work with SPG & E2P to incorporate the latest innovations to assure the safe and efficient distribution of field natural gas to the equipment. Comanche has played a key role in supporting the transition from diesel to field natural gas in the US unconventional fields, including the Permian Basin and under this MOU, the parties will work together to bring the best practices to the Neuquén basin in Argentina in support of the local customers. Rob Marchitello, SPG’s Chief Executive Officer stated, “Kasey and his team at Comanche have developed a solid value-added service over the last several years and are now considered one of the premier providers of this very specialized service and we consider this critical for the industry’s continued decarbonization. Comanche’s commitment to customer service is similar to the culture we are creating at SPG and E2P and we have been very impressed by the support they receive from the US based customers. We look forward to working closely with them to support our customers across the globe.” Kasey Noles, Comanche’s President stated, “We are very excited to partner with the SPG and E2P teams. Their focus on delivering equipment worldwide that runs 100% on natural gas is an excellent fit to partner with Comanche. The natural gas-powered pressure pumping units, generators and compressors create a unique demand to get a lot of gas to remote locations and once it shows up, it will be very important to make sure the gas is properly treated and distributed to all the equipment scattered around the location. We look forward to partnering with SPG & E2P to support their customers in the international markets with our expertise, technology and experience.” Carlos Fernández, President & CEO of E2P, stated “The availability of the Vaca Muerta natural gas resources, which is now estimated at over 300TCF, and the ongoing energy transition and request for cost reductions have boosted the desire to use field natural gas in the oil field operations and in this context we believe the technologies developed by Comanche and its service offerings will cover a critical need in Argentina. We see similar needs in other parts of the world where our customers desire to expand the use of SPG’s solutions but are concerned about a safe and secure supply of field natural gas. We are very excited about integrating our local expertise with Comanche’s premier solutions.” For more information on SPG, visit www.signalpowergroup.com For more information on Comanche Gas Solutions, visit https://comanchegas.com For more information on E2P, visit https://www.linkedin.com/company/eco2power About Signal Power Group SPG is a leading provider of sustainable energy solutions, and related services for the global industrial, energy and marine markets. SPG’s product offerings include turbine drive trains and related solutions for electric power generation, including microgrids, datacenters, combined heat and power and mobile power solutions, natural resources applications and the marine end markets. About Comanche Gas Solutions Comanche Gas Solutions is catalyzing change in the energy landscape, where innovation optimizes diesel savings. Headquartered in Comanche, Texas, the forward-thinking company is reshaping how operators fuel pressure pumping fleets, leveraging the power of natural gas distribution and cutting-edge technologies to drive efficiency, safety, and environmental impact. About E2P E2P provides SPG’s solutions for Pressure Pumping, Power Generation, Combined Heat and Power and Turbine Driven Gas Compression for the Energy and Industrial Markets outside of the USA with offices in Argentina and Brazil and expanding to the Middle East, India and the rest of Latin America. E2P specializes in engineering and operating industrial equipment that runs 100% on various types of clean fuel including natural gas, CNG, LNG, RNG, Syngas and various blends of hydrogen. E2P also provides Subsurface Knowledge Solutions with proprietary technologies globally to the Energy, Mining and Industrial Markets with a presence in Argentina, Brazil, USA and Norway. J. Chris Boswell Signal Power Group +1 888-774-7697 Eco2Power Turbine Direct Drive Unit Mobilizing to the field in Neuquen, Argentina

BROOKSHIRE, TEXAS, UNITED STATES, June 24, 2024 /EINPresswire.com/ -- Signal Power Group (“Signal Power" or “SPG1”) and it’s affiliated company Eco2Power, Inc. (“E2P3”) announced today that they have signed a memorandum of understanding (“MOU”) with Sapphire2 Gas Solutions, LLC (“Sapphire”), a premier energy management company that provides compressed natural gas, renewable natural gas, and liquefied natural gas solutions to industrial, utility, manufacturing, and other end-use applications. SPG and E2P have worked closely with Sam Thigpen, Sapphire’s Chief Executive Officer to explore the appropriate virtual gas pipeline model for the growing number of unconventional field developments around the world, including the Vaca Muerta Shale formation in Argentina. Sapphire has played a key role in supporting the virtual pipeline network in the US unconventional fields, including the Permian Basin and under this MOU, the parties will work together to bring the best practices to the Neuquén basin in Argentina in support of the local customers. Rob Marchitello, SPG’s Chief Executive Officer stated, “We have watched Sam Thigpen and his team at Sapphire develop their business over the last several years to become one of the premier providers of this very important technical service for the industry’s decarbonization. Sapphire’s unrelenting commitment to customer service and their deployment of the latest and most efficient technology has really been impressive. We look forward to working closely with them to support our customers across the globe.” As the Vaca Muerta formation continues to increase production, we believe the technologies developed by SPG, E2P & Sapphire will assist in the energy transition to cover critical needs in Argentina.” — J. Chris Boswell, Chief Commercial Officer of SPG Sam Thigpen, Chief Executive Officer of Sapphire, expressed his enthusiasm about the new partnership with the SPG and E2P teams: “We are thrilled to collaborate with SPG and E2P. Their commitment to delivering equipment worldwide that operates on CNG, LNG, and RNG—100% natural gas—makes them an ideal partner for Sapphire. As they bring hundreds of natural gas-powered pressure pumping units, generators, and compressors online, we are committed to providing them with clean and affordable fuel to reduce costs and emissions. We look forward to leveraging our expertise, technology, and experience to support SPG and E2P in serving their international markets.” Carlos Fernández, President & CEO of E2P, stated “Argentina’s energy matrix started to include a significant percentage of natural gas forty years ago for homes, industrial and CNG for vehicles. The availability of the Vaca Muerta natural gas resources, which is now estimated at over 300 TCF, and the ongoing energy transition have boosted this trend and, in this context, we believe the technologies developed by Sapphire and its service offerings will cover a critical need in Argentina. We see similar needs in other parts of the world where our customers desire to expand the use of SPG’s solutions but are concerned about a safe and secure supply of natural gas. We are very excited about integrating our local expertise with Sapphire’s premier solutions.” About SPG SPG is a leading provider of sustainable energy solutions, and related services for the global industrial, energy and marine markets. SPG’s product offerings include turbine drive trains and related solutions for electric power generation, including microgrids, datacenters, combined heat and power and mobile power solutions, natural resources applications and the marine end markets. About Sapphire Gas Solutions Sapphire Gas Solutions is a turnkey virtual pipeline services company with a diverse fleet of mobile CNG, LNG, and recompression equipment. With a growing footprint in the Renewable Natural Gas (RNG) market, Sapphire provides logistics support from coast to coast by transporting RNG to market when pipeline infrastructure is unavailable or not near the renewable gas source. The decades of experience in natural gas service, transportation, engineering, procurement, and construction results in offering the most comprehensive range of natural gas / RNG energy management solutions in North America. About E2P E2P provides SPG’s solutions for Pressure Pumping, Power Generation, Combined Heat and Power and Turbine Driven Gas Compression for the Energy and Industrial Markets outside of the USA with offices in Argentina and Brazil and expanding to the Middle East, India and the rest of Latin America. E2P specializes in engineering and operating industrial equipment that runs 100% on various types of clean fuel including natural gas, CNG, LNG, RNG, Syngas and various blends of hydrogen. E2P also provides Subsurface Knowledge Solutions with proprietary technologies globally to the Energy, Mining and Industrial Markets with a presence in Argentina, Brazil, USA and Norway. J. Chris Boswell Signal Power Group +1 888-774-7697 email us here Visit us on social media: LinkedIn Other WATCH NOW: SPG / E2P Direct Drive Unit Testing in Argentina at https://www.youtube.com/shorts/kQXtCHo6a-U

After 130 frac stages, the Eco2Power (SPG) gas frac pump operation was temporarily removed from the field to modify the equipment and improve its operation. “We have already made a firm proposal for a company” to develop a gas fracturing set, said Eco2Power executive director Mario Mochkosfky. They estimate that it will be operational at the end of 2024 or beginning of 2025. "We started thinking about turbines in 2015 for two reasons," said the founding partner of Eco2Power, Carlos Fernández, in dialogue with Energía On. On the one hand, they had the objective of responding to the growing demand for more power per pump. On the other hand, accompany the objectives for the energy transition. "The combination of the two things made us think it was a good path to follow," he recalled. In 2015 they brought a turbine to the country from the United States and carried out studies with Oilstone. In these tests they recognized flaws in the equipment such as air filtration and transmission. After hard work and with these difficulties resolved, at the beginning of 2021 "we felt that we were in a position to build a prototype," commented Fernández. QM Equipment is the company in charge of assembling the gas fracturing pumps. Their vast experience in the matter led Eco2Power to call them: "we shared our progress and proposed the possibility of facing the project of assembling a pump based on the turbine, transmission and other issues," he expressed. With the prototype in the pipeline, they presented the project to YPF. The majority state firm accompanied the assembly and "allowed and helped us financially so that we could test it in Loma Campana," he said. Afterwards, the prototype headed to La Calera, operated by Pluspetrol. From then until now, about 130 stages have already been fired. YPF «has expressed interest in using the technology. “He was excited about the result,” said Fernández. From the operations with the prototype "we learned and we are making some modifications to improve the equipment. This is a continuous evaluation, which “will end the day we go into production. In the meantime, we are always testing », he explained. The nationally manufactured pump works with a turbine, which allows it to have greater power. The typical pump used in Vaca Muerta frac sets is 2,500 HP (horsepower) and QM Equipment's reaches 5,000 HP. At the same time, by changing diesel for gas, the carbon footprint is reduced by between 25 and 30% according to data provided by specialists. With the journey made that allowed us to achieve these comparative advantages, the fracture set is on its way to becoming a reality. «We have already made a firm proposal for a company. We have to present one more proposal in the next two or three weeks for the second one,” Mochkosfky said. In the near future, "we are going to use mostly gas that is produced in the same field," they said. First gas fracturing set: how it would be composed In Vaca Muerta there are two modalities for fracturing wells. One is the fracturing of a single well and the other is Dual Frac or Simul Frac, in which two are fractured simultaneously. "Today what we are proposing for the Simple Frac modality is eight pumps" to reach the capacity of the diesel fracturing sets, which have between 16 and 20 pumps. "For Simul Frac, there are 14 or 16 gas turbines," he said. (Note that these are SPG4 Gas Turbines produced by Signal Power Group. Regarding monthly fuel consumption, on average the gas turbine consumes about 380 million BTUs, while the conventional pump used in Vaca Muerta requires about 11,000, 11,500 liters of diesel. QM Equipment calculates that the gas fracturer would mean 70% fuel savings, 30% less emissions and 200% more power. "If things go as we and the clients are planning, possibly by the end of next year or the beginning of 2025 there will be a fracturing set with these pumps and working in the field," he stressed. https://www.rionegro.com.ar/energia/vaca-muerta-tendra-su-primer-set-de-fractura-a-gas-para-fines-del-2024-3127772/

BROOKSHIRE, Texas--(BUSINESS WIRE)--Signal Power Group (“Signal Power" or “SPG”) announced today an expansion of its partnership with Honeywell to broaden the reach of Honeywell’s storied turboshaft turbine engine technology. The latest turboshaft technology, developed as part of Honeywell’s T55-714C program, expands the partnership to now include the energy service market. The advanced turboshaft technology has been exclusively licensed to Signal Power, which will continue to be the original equipment manufacturer, for use in distributed power generation, combined heat and power, pressure pumping, marine propulsion, and other energy and industrial applications. These new equipment packages will broaden SPG’s product offering and offer greater versatility to customers. The strategic relationship between Honeywell and Signal Power continues to be supported with investment funds managed by Morgan Stanley Energy Partners, part of Morgan Stanley Investment Management, which remains the majority shareholder in SPG. “These turboshaft upgrades will create a new paradigm for high-density energy solutions with applications in the industrial, energy service and marine industries. The technology offers many advantages that include significantly more horsepower, lower maintenance hours and costs, substantially lower emissions, and greater fuel efficiency. Innovative solutions from Signal Power and Honeywell will accelerate the transition to environmentally friendly fuel sources, renewable natural gas and hydrogen blends, that provide our customers lower-cost alternatives and reduce their carbon footprint with a clean source of power,” said Rob Marchitello, Chief Executive Officer of SPG. “This expanded license will further support the ongoing and historic transition from diesel fuel-based equipment to lower cost and cleaner fuel sources, including natural gas and even hydrogen,” said Rod Hynes, Vice President Defense Americas at Honeywell Aerospace. “The ability under this license to now provide a more efficient 6,000 shaft horsepower class turbine engine in the energy service markets should further separate SPG from its competition.” “We are proud to support the continued growth of SPG and its outstanding team in its expanding strategic alliance with Honeywell, a world-class partner with market-leading turbine engine technology,” said John Moon, head of Morgan Stanley Energy Partners. “We believe that this license for the improved turboshaft technology further differentiates SPG’s product offering and delivers a drop-in replacement for its current engine providing even greater value to customers.” SPG continues to serve its energy service, industrial and marine customers with a complete portfolio of solutions, including a patented controls technology and a proprietary multispeed gearbox delivering a range of speeds engineered for specific customer applications. SPG provides a wide range of service plans that include performance monitoring and predictive maintenance, further reducing downtime and costs. As part of their strategic relationship, Honeywell and SPG will continue exploring even higher horsepower engines and advance the use of alternate and hydrogen blended fuels to further reduce emissions in its equipment. For more information on Honeywell’s gas turbine, or aerospace propulsion offerings, visit aerospace.honeywell.com. About SPG SPG is a leading provider of sustainable energy solutions, and related services for the global industrial, energy and marine markets. SPG’s product offerings include turbine drive trains and related solutions for electric power generation, including microgrids, datacenters, combined heat and power and mobile power solutions, natural resources applications and the marine end markets. SPG is a portfolio company of Morgan Stanley Energy Partners. About Morgan Stanley Energy Partners Morgan Stanley Energy Partners, the energy-focused private equity business of Morgan Stanley Investment Management, is a leading energy private equity platform that makes privately negotiated equity and equity-related investments in energy companies located primarily in North America. Morgan Stanley Energy Partners pursues a differentiated investment strategy, focused on the buyout and build-up of strategically attractive, established energy businesses across the energy value chain in partnership with world-class management teams. For further information about Morgan Stanley Energy Partners, please visit www.morganstanley.com/im/energypartners. Contacts SPG Contact: J Chris Boswell, Chief Commercial Officer investorrelations@signalpwr.com Phone: +1 888-SPG-POWR Morgan Stanley Energy Partners Contact: Alyson Barnes, Executive Director alyson.barnes@morganstanley.com Phone: +1 646 536-1733