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Hybrid Power Solutions Announces Agreement to Deliver Nine Spark Units to Quebec-Based Equipment Rental Leader
Thenewswire· 2026-03-12 11:01
Core Insights - Hybrid Power Solutions Inc. has entered into an agreement with Location GM for the delivery of nine Spark units valued at Cdn $521,100, with two units already operational at a major Montreal airport construction project [1][2][3] Group 1: Agreement and Deliveries - The agreement includes the delivery of nine Spark units, with the first two already installed and operational, providing emissions-free power for a high-profile infrastructure project [1][2] - The remaining seven units are scheduled for delivery in Q4 (May) 2026 to enhance Location GM's inventory of clean power solutions for contractors [2] Group 2: Product and Market Expansion - The Spark series offers high-capacity, modular portable power with outputs up to 24kW and energy storage from 20kWh to 60kWh, suitable for construction sites and remote projects [5] - This partnership with Location GM is part of a broader strategy to expand Hybrid's clean power solutions into Quebec's commercial construction and equipment rental markets [3][4] Group 3: Company Background - Hybrid Power Solutions is a Canadian clean energy innovator focused on developing portable power systems that eliminate fossil fuel dependency in off-grid applications [7] - Location GM is recognized for its extensive inventory of heavy machinery and commitment to customer service, making it a trusted partner for commercial contractors in Quebec [6]
Hybrid Power Solutions Reports Q2 Financial Results
Thenewswire· 2026-01-29 23:05
Core Viewpoint - Hybrid Power Solutions Inc. continues to lead the clean energy transition despite economic challenges in Canada and the US, showcasing its innovative fuel-free power solutions through various active demonstrations and pilot programs [2][3]. Business Highlights - The company has over 20 active demonstrations and pilot programs in real-world settings, including military operations and construction sites, which are crucial for driving future orders [3]. - Hybrid Power Solutions received an advance purchase order for 12 Spark units and one Terra unit, with production starting in December 2025 [7]. - The company launched the Solar Tarp, a modular solar power solution, and showcased it at the GCXpo in September 2025 [7]. - Strategic partnerships have been established with companies like Groovy Energy Ltd. and Tire Butler for product distribution [7]. Financial Highlights - For the period ending November 30, 2025, the company reported a net loss of $871,826, compared to a net loss of $559,914 for the same period in 2024 [12]. - Revenue for the same period was $279,445, a significant decrease from $1,033,133 in the previous year [12]. - The company announced a non-brokered Life Offering to raise between Cdn $1 million and Cdn $2 million, closing the financing on January 19, 2026, with a total of $1,079,925 raised [8]. Technological Advancements - The Solar Tarp is a patent-pending, lightweight solar solution using durable CIGS panels, designed for versatile installation and rapid setup [4]. - The company is developing an AI-powered IoT platform for fleet management, currently in beta testing with select customers [5]. - Ongoing advancements in manufacturing and R&D are aimed at enhancing production scalability and efficiency [6].