DealsMay 7, 2026, 04:40 PM
Liberty Energy Subsidiary Signs $505M Power Generation Supply Contracts
AI Summary
Liberty Energy Inc.'s wholly owned subsidiary, Liberty Advanced Equipment Technologies LLC, entered into two supply contracts with Bergen Engines AS on May 1, 2026. These agreements, totaling $505 million, are for the purchase of power generation equipment, including engines, for the company's prospective data center and other distributed power projects. Delivery, performance testing, and takeover of the equipment are expected to occur from the second half of 2027 through 2028.
Key Highlights
- Liberty Energy's subsidiary, Liberty Advanced Equipment Technologies LLC, signed two supply contracts.
- The contracts are with Bergen Engines AS for power generation equipment.
- The aggregate purchase price for the equipment is $505 million.
- Individual contract prices are $224.4 million and $280.6 million.
- Equipment is for prospective data center and other distributed power projects.
- Delivery, performance testing, and takeover are expected from H2 2027 through 2028.
- Liberty Energy Inc. is required to provide a parent guarantee for a portion of the contract price.