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TULSA, OK - ClearSign Technologies Corporation (Nasdaq:CLIR), a $55.57 million market cap company whose stock has surged over 37% in the past week, announced Tuesday it has received an initial engineering order from a supermajor refiner for 32 ClearSign Core burners to be installed at a California refinery. According to InvestingPro data, the company has demonstrated strong momentum with a 103.81% price return over the past six months.
The order represents the first phase of a process heater retrofit project that will be implemented in two heaters at the facility. According to the company’s press release, the project is expected to begin immediately and will be completed in phases over the next 15-18 months.
"This is another new and major client for ClearSign," said Jim Deller, Chief Executive Officer of ClearSign Technologies.
The engineering order was placed directly by the customer, marking what the company describes as its entry into another key target market. ClearSign Technologies specializes in combustion and sensing technologies designed to reduce emissions and increase efficiency for industrial operators.
This represents the latest in a series of orders from refining industry customers for the company, which provides technologies aimed at decarbonization and improving performance characteristics of industrial systems.
ClearSign Technologies’ products are designed to enhance combustion systems and fuel safety systems across various industries including energy, commercial/industrial boiler, chemical, petrochemical, and power sectors.
The information in this article is based on a company press release statement.
In other recent news, ClearSign Technologies Corporation reported its second-quarter earnings for 2025, showing a notable increase in revenue to $133,000 from $45,000 in the same period last year. Despite this growth, the company’s earnings per share fell short of analyst expectations. Additionally, ClearSign Technologies has received a 180-day extension from Nasdaq to comply with the minimum $1 bid price requirement for continued listing on the Nasdaq Capital Market. The company has also regained compliance with Nasdaq’s board and audit committee composition requirements after recent board changes.
In other developments, ClearSign secured an order for comprehensive process burner testing from a major petrochemical customer, with results expected by the fourth quarter of 2025. Furthermore, an integrated petroleum producer has ordered 36 ClearSign Core burners for a refinery retrofit project in Texas, marking the first phase of this project. The final delivery of these burners is anticipated in the second half of 2026. These recent activities highlight ClearSign Technologies’ ongoing efforts to expand its operations and maintain regulatory compliance.
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