Fuelled’s Record Month Signals a Digital Gold Rush for Used Equipment

CALGARY, AB and HOUSTON, TX – November 25, 2025 – In a clear signal of a tectonic shift within the industrial sector, energy equipment marketplace Fuelled has announced a record-breaking month, surpassing 500 new consignment listings in October alone. While the number itself is a significant milestone for the Calgary-based technology firm, it points to a much larger story: the rapid digitization of a traditionally opaque and slow-moving market, supercharged by global supply chain pressures and a growing demand for industrial sustainability.

The listings, which range from entire gas processing plants and work camps to specialized turbines and clean energy infrastructure, represent a surge in trust from sellers placing high-value assets onto a digital platform. This achievement, which notably excludes the thousands of self-listed items on the company's Fuelled+ platform, underscores a powerful convergence of technological innovation and pressing market dynamics that is reshaping how heavy industries acquire and manage critical equipment.

Digitizing the Deal: Technology Transforms Heavy Equipment Sales

For decades, the process of buying and selling used industrial equipment was fraught with friction. It relied on regional brokers, physical auctions, and word-of-mouth networks, creating an environment characterized by limited transparency, logistical hurdles, and significant uncertainty for both buyers and sellers. Fuelled's recent success illustrates how technology is systematically dismantling these old barriers.

At the core of the platform's model is a commitment to data-rich, transparent listings. Each consigned asset is catalogued with detailed photography, video walkthroughs, and comprehensive specifications. A standout feature is the integration of virtual maps, allowing potential buyers from anywhere in the world to assess logistical requirements and site accessibility from their desks. This level of detail is crucial for building the confidence needed to bid on multi-million-dollar assets sight unseen.

"Crossing 500 consignment listings in a single month is a meaningful proof point for our model," stated Raj Singh, CEO of Fuelled, in a recent press release. "Sellers want speed and certainty when they ask for help, buyers want transparent pricing and vetted assets, and our platform is delivering both."

Further accelerating this process is the application of artificial intelligence. An AI-supported search function allows buyers to filter for highly specific operational characteristics, moving beyond simple keywords to match granular needs with available inventory. To overcome the final hurdle of financing, many listings now come with pre-approved financing terms, dramatically reducing the time from bid to closure. This integrated approach—combining deep data, AI-driven discovery, and embedded financial tools—is transforming the cumbersome process of asset disposition into a streamlined, global, and digital-first experience.

Riding a Wave of Industrial Demand

Fuelled's record month is not happening in a vacuum. It is a direct reflection of powerful macroeconomic currents. The global industrial equipment market, valued at over USD 230 billion in 2023, is on a steep growth trajectory, with some projections forecasting a market size of nearly USD 1.22 trillion by 2030. This growth is fueled by expanding manufacturing and infrastructure projects worldwide. However, a more acute driver is the acute pressure on adjacent industries like power and mining.

As governments fast-track mining projects to secure critical minerals and global power demand continues to escalate, new equipment supply chains are struggling to keep up, leading to significant shortages and long lead times. This has forced companies to look outside traditional suppliers and into the secondary market for everything from generators to entire work camps. This surge in demand has created a robust and dynamic marketplace for used assets, where platforms that can provide a large, diverse, and reliable inventory are poised to thrive.

The company has cultivated a self-reinforcing network effect: as more sellers list high-quality equipment, more buyers are drawn to the platform, which in turn incentivizes even more sellers to participate. This virtuous cycle is evidenced by a greater than 125% increase in user engagement, measured in tickets and clicks, during the last two weeks of October.

A significant vote of confidence in this model came recently from PwC. In its capacity as the Court-appointed Receiver for Long Run Exploration Ltd., the global consulting firm engaged Fuelled as the exclusive sales agent for the disposition of the oil and gas company's surplus equipment. This is no small task, involving assets tied to a portfolio with an estimated net present value of approximately $731.2 million as of late 2023. Entrusting a digital marketplace with a complex, high-stakes receivership process validates the platform's ability to deliver transparency, reach, and value on an institutional scale.

The Circular Economy for Industrial Giants

Beyond the immediate economic and technological implications, the rise of digital equipment marketplaces points to a more sustainable future for heavy industry. By creating an efficient and global channel for reselling and repurposing assets, these platforms are becoming critical enablers of a circular economy for industrial equipment. Every turbine, compressor, or structural component that is sold for reuse is one less that needs to be manufactured from raw materials, and one less that ends up as industrial scrap.

This extends the functional lifecycle of capital-intensive goods, maximizing the value of the energy and resources embedded in their original production. In an era where ESG (Environmental, Social, and Governance) metrics are increasingly scrutinized by investors and regulators, the ability to demonstrate responsible asset management is becoming a competitive advantage. The secondary market provides a tangible mechanism for companies to reduce their environmental footprint, turning surplus or decommissioned assets from a liability into a source of revenue and a positive entry on their sustainability ledger.

As the industrial sector continues its digital transformation, the role of marketplaces like Fuelled is set to expand. They are evolving from simple listing sites into complex ecosystems that provide data analytics, inventory management software, logistics support, and financial services. This holistic approach is not just disrupting the dominance of traditional auction houses but is fundamentally changing the lifecycle of industrial assets, making the market more efficient, accessible, and ultimately, more sustainable.