Koil Energy Solutions, Inc. KLNG

Company Overview

Koil Energy Solutions, Inc. (NASDAQ: KLNG), formerly known as Deep Down, Inc., is a U.S.-based energy technology and services company focused on subsea equipment, support services, and engineering solutions for offshore energy production and marine infrastructure projects. The company operates primarily within the offshore oil and gas industry while also pursuing opportunities tied to offshore renewable energy and broader subsea industrial applications. Its offerings are centered on mission-critical subsea technologies used in deepwater environments, including umbilicals, flying leads, distribution equipment, and installation support systems.

The company’s primary revenue drivers include the design, fabrication, assembly, installation support, and servicing of subsea equipment used by offshore operators, engineering contractors, and energy infrastructure companies. Koil Energy Solutions has historically positioned itself as a specialized provider capable of customized engineering and rapid-response project execution for technically demanding offshore environments. Public filings indicate the company evolved from a niche subsea services provider into a broader offshore technology platform through rebranding initiatives, operational restructuring, and expansion into adjacent energy infrastructure markets.