Enerflex signs deal with data centre developer for natural gas power generators

Enerflex Ltd. shares surged more than 10 percent following the announcement of a significant contract won by the company. The deal involves the design and construction of 450 megawatts of natural gas-fired power generators for a North American data centre developer.

The financial terms of the agreement, which remains undisclosed, include an initial payment of $205.00 plus GST for one year. This annual subscription is set to automatically renew at $233.00 plus GST every 52 weeks, representing a 10% discount off the regular annual price of $259.35. The offer is available to both new and qualified returning subscribers, with the option to cancel at any time.

Enerflex plans to execute the project through its North American manufacturing operations, with shipments expected to commence in 2027 and be finished by 2028. Beyond the initial equipment delivery, the contract also presents opportunities for future commissioning, installation, and aftermarket services support.

Paul Mahoney, Enerflex's CEO, highlighted the increasing demand for reliable, prime power that does not rely on grid connection. This demand is crucial for supporting AI and digital infrastructure development. Enerflex shares reached $37.18 in early trading on the Toronto Stock Exchange, marking a nearly 15% gain.