Maxim Power Corp. to receive $20 million Grant Funding for Waste Heat Recovery on Milner 2 CCGT Expansion Project

CALGARY, Alberta, July 14, 2022 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG), through a wholly-owned subsidiary, to receive $20 million grant funding (the “Grant”) for waste heat recovery on the Milner 2 (“M2”) Combined Cycle Gas Turbine (“CCGT”) expansion project, and provides updates on its normal course issuer bid (“NCIB”) program and senior credit facility.

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