Haffner Energy scores $3.6M order from Canada’s first Multi-Energy Hub
Effective upon signature on September 25, 2026, the contract covers six equipment items already manufactured and available in stock, together with the associated engineering services. The project’s remaining equipment will be manufactured in Canada under license from Haffner Energy.
The contract provides for a €480,000 down payment, representing 15% of the total amount, due no later than October 12, 2026. Within thirty days of FOB delivery of the equipment, 75% of the contract price will have been invoiced and received.
Delivery is scheduled before the end of 2026, subject to international transport and logistics constraints. This will allow work to bring the equipment into compliance with Canadian standards to begin immediately.
As the six items of equipment to be exported will be drawn from Haffner Energy’s existing inventory, their manufacturing costs have already been incurred and paid. Fulfilment of the order will therefore generate rapid cash inflows without any significant new industrial cash outlay.
As revenue is recognized on a percentage-of-completion basis, based on costs incurred, the allocation to the contract of this already-manufactured equipment is expected to enable a majority of the contract revenue to be recognized in the current financial year, with a corresponding contribution to earnings.
Category: Fuels
