Evolution PowerX Expands Industrial Power Applications with Major North American Energy Infrastructure Company

(TSX: E) (OTCQB: ETOLF) Evolution PowerX Corp. announced the deployment of two natural gas turbine generators to support a scheduled maintenance program at a major Canadian energy infrastructure facility. The deployment is being executed through its wholly owned subsidiary, Evolution Power Projects (EPP). The company is providing a temporary, natural gas-powered electricity solution to support essential equipment and infrastructure during a planned, multi-week plant maintenance procedure. The customer is described as a publicly traded Canadian energy infrastructure company with operations in natural gas gathering, processing, transportation, storage, liquids handling, energy export infrastructure, and regulated natural gas utility operations across North America. The EPP deployment consists of two natural gas turbine generators providing reliable electricity to support the facility's scheduled maintenance operations. This temporary power solution will sustain essential plant servicing activities over the several-week maintenance period, ensuring operational continuity and efficient project execution while the facility awaits the installation of additional, permanent utility powerline infrastructure. Evolution PowerX's natural gas turbine technology offers a flexible, rapidly deployable alternative to conventional diesel-powered generation, with the potential to reduce fuel transportation requirements, operating costs, emissions, and noise levels. The deployment demonstrates the versatility of Evolution PowerX's turbine fleet beyond traditional upstream oil and gas field operations, extending its applications into established midstream energy infrastructure and industrial plant maintenance environments. Leonard D. Jaroszuk, CEO & Chairman of Evolution PowerX, stated that supporting a major energy infrastructure operator during a scheduled plant maintenance program represents another important application for the company's natural gas turbine power solutions. He emphasized the flexibility and practical value of the equipment and noted opportunities to expand within the broader energy infrastructure and industrial sectors. Evolution PowerX continues to advance its position as a provider of integrated natural gas-to-electricity solutions across the energy and industrial sectors. The company is positioned to address diverse power requirements spanning drilling, completions, production facilities, gas processing infrastructure, industrial maintenance, and other commercial applications through its expanding turbine fleet, microgrid integration capabilities, and Concept-to-Completion service model. The company believes that growing demand for reliable, flexible, and rapidly deployable distributed power generation presents meaningful opportunities for increased fleet utilization, customer diversification, and long-term growth.

Evolution PowerX Expands Natural Gas Turbine Electrification Applications with Major Canadian Energy Producer

(TSX: E) (OTCQB: ETOLF) Evolution PowerX Corp. announced the deployment of its multi-turbine, natural gas-powered microgrid technology to support hydraulic fracturing operations for a publicly traded Canadian oil and gas producer. The deployment is executed through its wholly owned subsidiary, Evolution Power Projects (EPP), which is providing an integrated power solution utilizing multiple synchronized natural gas turbine generators. This system is electrifying critical infrastructure and equipment associated with the producer's hydraulic fracturing operations in Alberta's Montney formation. The customer is described as having substantial natural gas and natural gas liquids production, significant infrastructure ownership, and an extensive development inventory. The EPP deployment supplies electricity to essential infrastructure including wireline operations, data acquisition and control facilities (datavan), blending equipment, sand delivery systems, hydraulic power systems, and other associated site infrastructure. The configuration incorporates multiple natural gas turbine generators operating as a synchronized microgrid, providing centralized power generation with flexibility for varying electrical demands across simultaneous field activities. The system is designed to reduce reliance on conventional diesel-powered generation, improve fuel efficiency, reduce emissions, lower noise levels, and enhance operational reliability. By integrating multiple traditionally independent power requirements into a common electrical platform, Evolution PowerX demonstrates the versatility and scalability of its turbine technology in demanding operating environments. Desmond O'Kell, President & Director, stated that electrifying multiple aspects of hydraulic fracturing operations represents a significant opportunity for the company's power solutions business and validates their ability to address complex power requirements. Evolution PowerX continues to advance its position as a provider of integrated natural gas-to-electricity solutions for the energy and industrial sectors. The company is leveraging its expanding turbine fleet, proprietary microgrid integration capabilities, and Concept-to-Completion service model to support sophisticated power requirements across drilling, completions, production facilities, and other industrial applications. Evolution PowerX believes that continued adoption of distributed natural gas power generation presents opportunities for further fleet utilization, customer diversification, and long-term growth. Leonard Jaroszuk is Chairman & CEO, and Desmond O'Kell is President & Director.

Big Oil Is Betting Billions On Nuclear Fusion

(NYSE:E) Eni is making one of Big Oil’s biggest fusion bets, backing Commonwealth Fusion Systems, committing $1+ billion to its future electricity and developing critical tritium fuel-cycle technology. Eni now plans to deploy a commercial fusion power plant in Europe by the early 2040s or sooner, building on its investment in Commonwealth Fusion Systems and a more than $1 billion agreement to buy electricity from the startup’s first commercial U.S. plant. Eni has formed a JV with the UK Atomic Energy Authority to develop and sell fuel-cycle services globally. Commonwealth Fusion Systems raised another $1 billion in July, bringing its total funding to $4 billion as it targets the early 2030s for its first commercial power plant. The planned 400-MW ARC facility in Virginia became the first fusion project to apply for interconnection with PJM earlier this year, while Google has agreed to buy 200 MW of its output. Eni is developing a large-scale tritium fuel-cycle facility at the UKAEA Culham Campus in Oxfordshire, scheduled for completion in 2028. TAE Technologies plans to build an initial 50-MW fusion power plant before scaling up to subsequent plants with 350 MW to 500 MW of capacity.

News Release Evolution PowerX Expands into Larger-Scale Distributed Power with Exclusive Canadian SPG4 Turbine Agreement

(TSX: E) (OTCQB: ETOLF) Evolution PowerX Corp. has entered into a Canadian Exclusive Distribution Agreement for the SPG4 3.2 megawatt (ISO Rated) combustion turbine generator. Under the agreement, Signal Power Group and Evolution PowerX Corp. have entered an exclusive Canadian distribution arrangement for the SPG4 combustion turbine generator platform, establishing Evolution as Signal's exclusive distributor for the platform across Canada. This arrangement provides Evolution with the exclusive right to market, promote, rent, sell and distribute SPG4 Turbine Units throughout all provinces and territories of Canada. The SPG4 delivers 3.2 MW from a single compact, natural gas turbine platform, enabling Evolution to pursue larger-scale power requirements. Evolution's established natural gas-to-electricity business includes a growing fleet of 333 kW FlexEnergy turbine generators. Signal Power Group has licensed technology from Honeywell's proven T55 family of turbines for application in non-aerospace markets, with the T55 family having more than six decades of operating history, more than 6,000 engines produced, and approximately 12 million operating hours.

Evolution PowerX Expands into Larger-Scale Distributed Power with Exclusive Canadian SPG4 Turbine Agreement

(TSX: E) (OTCQB: ETOLF) Evolution PowerX Corp. has entered into a Canadian Exclusive Distribution Agreement for the SPG4 3.2 megawatt (ISO Rated) combustion turbine generator. Under the agreement, Signal Power Group and Evolution PowerX Corp. have entered an exclusive Canadian distribution arrangement for the SPG4 combustion turbine generator platform, establishing Evolution as Signal's exclusive distributor for the platform across Canada. This arrangement provides Evolution with the exclusive right to market, promote, rent, sell and distribute SPG4 Turbine Units throughout all provinces and territories of Canada. The SPG4 delivers 3.2 MW from a single compact, natural gas turbine platform, enabling Evolution to pursue larger-scale power requirements. Evolution's established natural gas-to-electricity business includes a growing fleet of 333 kW FlexEnergy turbine generators. The T55 family of turbines, licensed by Signal Power Group from Honeywell, has more than six decades of operating history, with more than 6,000 engines produced and approximately 12 million operating hours.

Evolution PowerX Corp Announces Record Results for the Second Quarter 2026

(TSX: E) (OTCQB: ETOLF) Evolution PowerX Corp. announced its Q2 2026 results, reporting record setting second quarter revenue and four consecutive quarters of increased growth in both revenue and adjusted EBITDA. Revenue for the three months ended June 30, 2026, was $8,827,510, an increase of 36% compared to the prior period, and adjusted EBITDA for the same period was $2,111,817, an increase of 164%. Revenue for the six months ended June 30, 2026, was $20,830,365, an increase of 24% compared to the prior period, and adjusted EBITDA for the same period was $7,539,110, an increase of 45%. During the six months ended June 30, 2026, Evolution PowerX Corp. repurchased and cancelled 1,246,400 of its outstanding common shares at an average purchase price of $1.27 per share. On July 22, 2026, the Company announced the acquisition of a new SPG4 3.2-megawatt natural gas turbine generator to add to its growing fleet. On August 4, 2026, Enterprise Group, Inc. announced that it has changed its name to "Evolution PowerX Corp." as approved at the annual and special meeting of shareholders held on June 25, 2026.

Enterprise Group Expands Addressable Market with Addition of 3.2 MW SPG4 Natural Gas Turbine Generator to Power Fleet

(TSX: E) (OTCQB: ETOLF) Enterprise Group, Inc. announced the addition of a new SPG4 3.2-megawatt natural gas turbine generator to the fleet of its wholly owned subsidiary, Evolution Power. The SPG4 delivers 3.2 megawatts (approximately 4,300 horsepower) of dependable power and has accumulated more than 12 million operating hours worldwide in mission-critical applications. The turbine is capable of rapid deployment to remote locations and can operate on a broad range of gaseous and liquid fuels. The SPG4 platform can be configured for either mobile or permanent installations and is suited for combined heat and power (CHP) applications. The Company expects the unit to be commercially available for customer projects during the fourth quarter of 2026. Enterprise Group, Inc. is a consolidator of services, including specialized natural gas power generation equipment, with operations in Alberta, North America, and Canada. The Company continues to see increasing demand for high-capacity natural gas power solutions as producers, industrial operators, and infrastructure developers pursue lower operating costs, improved energy security, and reduced environmental impacts.

Eni CEO: Big Oil Bets on Southeast Asia and Latin America

(NYSE:E) Eni S.p.A CEO Claudio Descalzi announced that the company is shifting its capital investments toward Southeast Asia and Latin America due to prolonged shipping disruptions in the Strait of Hormuz. Eni and Malaysia's PETRONAS have launched Searah, a 50/50 joint venture consolidating 19 upstream gas assets across Indonesia and Malaysia. The joint venture aims to accelerate regional gas developments and drastically ramp up production in Southeast Asia, with regional output potentially boosted by approximately 18%. Eni and Abu Dhabi's XRG are developing the ~$30 billion Argentina LNG (ARGLNG) export complex in Río Negro province, and a $1.2 billion, 527-kilometer trunk pipeline drawing gas from the Neuquén basin to the Atlantic coast is under construction. Sub-Saharan Africa accounts for roughly 19% of Eni's overall production. The company projects that Southeast Asia is seeing a surge in final investment decisions (FIDs) for natural gas extraction, which could boost regional output by ~18%.

Enterprise Group Announces Addition of Two New Clients

(TSX: E) (OTCQB: ETOLF) Enterprise Group, Inc. announced a new business relationship with two intermediate Canadian based oil and gas producers. Both energy producers have successfully adopted Evolution Power Projects (EPP)'s natural gas-to-electricity solutions, with each completing its initial project. Additional projects are now either underway or in various stages of planning. Enterprise is expanding its power generation fleet throughout 2026, which will include the addition of seven FlexEnergy natural gas turbine generators scheduled for delivery throughout the third and fourth quarters. Evolution Power continues to expand its presence across Western Canada by delivering mobile and semi-permanent natural gas power solutions. The company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO₂, Greenhouse Gas (GHG) and other harmful emissions. The company projects continued growth in demand for natural gas-powered electrification and is focused on executing its growth strategy and expanding its leadership position.

ADNOC,  Eni Acquire Stakes In Gas Blocks Linked To Argentina’s LNG Project

(NYSE:E) Italy’s Eni S.p.A. and Abu Dhabi’s XRG, the international investment arm of the Abu Dhabi National Oil Company (ADNOC), have officially signed agreements to acquire minority stakes in three upstream gas blocks linked to the Argentina LNG export project. The transaction involves the Meseta Buena Esperanza, Aguada Villanueva and Las Tacanas unconventional gas blocks located in Argentina’s prolific Vaca Muerta shale basin. Under the newly signed Sale and Purchase Agreements (SPAs), XRG and Eni will each own a 32% stake, while Argentina's state energy company YPF will retain a 36% stake with a Final Investment Decision (FID) slated for the second half of 2026. The planned Argentina LNG project has a target capacity of 12 million tons per annum (mtpa) of LNG, featuring two floating LNG (FLNG) units in Río Negro, each with a capacity of 6 mtpa. President Javier Milei's government is advancing a transformative $30 billion energy export strategy focused on the Vaca Muerta shale basin, including the $2.6-billion Vaca Muerta Sur (VMOS) Pipeline and the Southern Energy (SESA) Project. SESA aims to unlock approximately $2.5 billion in annual foreign exchange earnings.

Enterprise Group Announces Results for the First Quarter 2026

Enterprise Group, Inc. (TSX: E, OTCQB: ETOLF) announced its Q1 2026 results, reporting revenue of $12,003,053, an increase of 16% over the prior period. Gross margin rose to $6,094,753 (51%), and adjusted EBITDA reached $5,427,289 (45%). The company repurchased and cancelled 717,300 common shares at an average price of $1.22 per share and purchased property in Whitecourt, Alberta for $3,150,000. Net income for the quarter was $2,408,724, and a total of 1,932,500 warrants and broker warrants were exercised for net proceeds of $1,838,402.

Enterprise Group Announces Canada's First Fully Powered Drilling Operation Utilizing Natural Gas Turbines

Enterprise Group, Inc. (TSX: E, OTCQB: ETOLF) announced a significant operational milestone through its power division, Evolution Power Projects, with the successful deployment of Canada's first drilling operation powered by multiple synchronized natural gas/fuel gas turbine generators. The system is currently powering an 80-day, four-well pad drilling program, delivering approximately 1 MW of reliable, mobile, and continuous power. The project has progressed beyond the halfway point with zero shutdowns or downtime, displacing approximately 7,000 litres of diesel fuel per day and generating expected savings of more than $200,000 by the completion of the drilling pad. The solution also reduces emissions, noise, and operational risks associated with diesel power generation. This development demonstrates the reliability, efficiency, and scalability of Enterprise's turbine-powered microgrid solution.