Prometheus Energy Group, Inc.

Prometheus Energy Group, Inc. is dedicated to providing innovative solutions in liquefied natural gas (LNG), serving diverse industries with environmentally friendly energy alternatives. Founded in 2008 in Houston, US, Prometheus Energy Group, Inc. specializes in liquefied natural gas solutions.

In March 2018, Stabilis Energy, LLC acquired the company, although the financial terms were not disclosed. The firm has engaged in a total of 7 deals, with a notable recent funding round where USD 10. 50 mn was raised from investors including Black River Asset Management and Kenda Capital, marking the total amount raised at USD 10. 50 mn.

Prometheus Energy Group, Inc. specializes in providing liquefied natural gas (LNG) as a clean and economical alternative to traditional fuel sources. The company operates two permitted, owned, and operated PHMSA facilities located in George West, TX, and Port Allen, LA, with a combined production capacity exceeding 130,000 gallons per day. Their services include 24/7 LNG supply, supported by an extensive North American supply network comprising over 30 points.

Prometheus caters to a diverse client base across various industries, including commercial and industrial sectors, mining, remote power generation, and utility gas distribution, primarily serving customers in the United States, Mexico, and Canada. The flexibility of their LNG solutions enables clients to lower fuel costs while adhering to environmental standards, thus addressing the growing demand for sustainable energy across these markets. Prometheus Energy Group, Inc. generates revenue through direct business-to-business transactions, providing LNG to commercial and industrial clients, as well as utility companies.

The pricing structure typically reflects long-term contracts, ensuring reliable supply while catering to specific customer needs. Clients engage with Prometheus for tailored LNG solutions, ranging from peak shaving for utilities to remote power generation for mining operations. Given the company’s established infrastructure and extensive experience, transactions are characterized by a commitment to safety and customer service, reinforcing Prometheus' position as a trusted partner in the energy sector. The operational framework emphasizes building long-lasting relationships with clients, enabling a consistent revenue stream through repeat engagements and new project developments.

With recent funding from the USD 10. 50 mn raised in March 2018, Prometheus Energy Group, Inc. plans to enhance its LNG offerings and expand into new markets. The company is targeting growth in regions such as Mexico and Canada, aiming to increase its operational footprint by the end of the next fiscal year.

Additionally, they are exploring the development of new LNG products tailored to meet the evolving energy needs of their clients, although specific release dates have yet to be announced.