Maxim Power Corp - Company Profile
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Maxim Power Corp (Maxim) is an independent power producer focused on acquiring, developing, owning, and operating power projects. The company generates and sells electricity using various fuel sources, including natural gas, coal, wind, nuclear, hydro, and solar sources. Maxim focuses on environmentally responsible power generation and is exploring additional development options, including the permitted wind power generation project. The company serves mid-market power projects that include Prairie Lights, Buffalo Atlee and HR Milner. It undertakes power purchase and fuel supply agreements sales activities by entering long-term contracts with power development companies and retail customers. Maxim is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
715 - 5th Avenue South West Suite 1210, Calgary, Alberta, T2P2X6
Website
www.maximpowercorp.com
Telephone
1 403 2633021
No of Employees
44
Industry
Power
Ticker Symbol & Exchange
MXG (TSE)
Revenue (2024)
$62.2M
-14.4%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-23.9%
(2024 vs 2023)
Market Cap*
$195.4M
Net Profit Margin (2024)
XYZ
-11.1%
(2024 vs 2023)
* As of and is in US$
Maxim Power Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Electricity |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In February, the company entered into a gas turbine and generator reservation agreement with GE Vernova to secure a manufacturing slot for a 7HA.02 gas turbine and generator package with a target delivery by 2030. |
| 2025 | Divestiture | IN April, the company divested Summit Coal Limited Partnership and Summit Coal Inc to Valory Resources Inc for US$14.2 million. |
| 2023 | Commercial Operation | In October, the company announced the commissioning of its Combined Cycle Gas Turbine (CCGT) expansion for its natural gas-fired power plant (M2), which increased the generation capacity to 300MW. |
Competitor Comparison
| Key Parameters | Maxim Power Corp | Ontario Power Generation Inc | Capital Power Corp | TransAlta Corp | Capstone Infrastructure Corp |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Calgary | Oshawa | Edmonton | Calgary | Toronto |
| State/Province | Alberta | Ontario | Alberta | Alberta | Ontario |
| No. of Employees | 44 | 11,030 | 741 | 1,350 | 130 |
| Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| M. Bruce Chernoff | Chairman | Executive Board | 2005 | - |
| Robert Emmott | Chief Executive Officer; President | Senior Management | 2024 | - |
| Kyle Mitton | Chief Financial Officer; Vice President - Corporate Development | Senior Management | 2021 | - |
| W. Brett Wilson | Vice Chairman | Executive Board | - | - |
| Rob Watson | Vice President - Operations | Senior Management | 2014 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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