Enerflex wins 450 MW power contract for North American data center

Enerflex Ltd. (NYSE: EFXT) has been awarded a contract to design, engineer, fabricate, and assemble approximately 450 megawatts of behind-the-meter natural gas-fired power generation units for a North American data center developer, according to a company statement.

The project will be executed through Enerflex's North American manufacturing operations, with deliveries scheduled to begin in 2027 and be completed in 2028.

To support the contract and anticipated growth, Enerflex said it is expanding its Engineered Systems business line. The company's 2026 capital expenditure guidance includes approximately $15 million in property, plant, equipment, and infrastructure investments related to its Engineered Systems operations and adjacent markets, including electric power generation. Enerflex has also authorized approximately $85 million in additional investments in its Engineered Systems facilities and capabilities, with the majority expected to be spent during 2027.

President and Chief Executive Officer Paul Mahoney said in the statement: "This award leverages Enerflex's unique capabilities in providing an integrated design, engineering, full scale fabrication, and project execution solution for behind-the-meter power generation projects."

Mahoney added that the company's opportunity pipeline "continues to exceed 2 GW."

Enerflex said the contract also creates potential opportunities for commissioning, installation, and after-market services, including through its ReliaCore asset performance platform. The company said it expects to provide further updates on its 2026 capital program alongside its third-quarter financial results.

You May Also Be Interested In

• eBay to cut 9% of workforce, expects Q3 results above guidance
• Miniso opens first U.S. Miniso Land store in Columbus, Ohio
• VSee Health addresses Nasdaq delisting, outlines path to profitability