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Maxim Power Corp. has signed a gas turbine and generator reservation agreement with GE Vernova for a 7HA.02 gas turbine, targeting delivery by 2030. A non-refundable deposit is due in 2026, with negotiations for a definitive sales agreement to follow.

This gas turbine will be utilized in the permitted 400 MW Prairie Lights Power project near Grande Prairie, Alberta. An amendment to the project's regulatory permits will be required due to the turbine selection. Project spending for 2026 is anticipated to reach up to $60 million, funded by the corporation's liquidity of approximately $84 million, including $59 million in unrestricted cash.