Question · Q4 2025
Andrew Maller asked about the firm customer demand for FTAI Power (Mod-1), specifically if there is one or several customers lined up and if a fleshed-out order book exists. He also requested more specific updates on the remaining steps for Mod-1 development beyond the general statement that it is 'on track'.
Answer
President David Moreno stated that FTAI is being strategic in taking orders for FTAI Power, engaging with hyperscalers and data center operators, some of whom desire the entire capacity. The focus is on establishing long-term (10-20+ years) durable relationships, and specific commercial details will be provided as they progress. CEO Joe Adams reiterated that substantial testing for Mod-1 is complete, everything is designed, parts are ordered, and the first unit will be produced this year, outlining the key remaining milestones.
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