Maxim Power Corp. enters into a Gas Turbine and Generator Reservation Agreement and provides Prairie Lights Power Project Update
GE Vernova Inc. (GEV)
Company Research
Source: GlobeNewswire
CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announces that it has entered into a gas turbine and generator reservation agreement (the “Agreement”) with GE Vernova (NYSE: GEV). The Agreement allows MAXIM to hold a manufacturing slot for a 7HA.02 gas turbine and generator package (the “Gas Turbine”) with a target delivery by 2030. To hold this manufacturing slot, MAXIM is required to provide a non-refundable deposit which is payable in 2026. Under the Agreement, the parties agree to negotiate in good faith to reach a definitive sales agreement for the purchase of the Gas Turbine. The purchase price for the Gas Turbine will be agreed to in the definitive agreement and the deposit will be credited towards the final purchase price. MAXIM is securing this unit manufacturing slot for its permitted 400 MW Prairie Lights Power project (“Prairie Lights”, or the “Project”) located near Grande Prairie, Alberta. An amendment to
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GEV
Earnings
- 1/29/26 - Beat
GEV
Sec Filings
- 2/2/26 - Form 3
- 1/27/26 - Form 4
- 12/22/25 - Form 3
- GEV's page on the SEC website