Climate Change Data

Maxim Power Corp.

Climate Impact & Sustainability Data (2023, 2024-01-01 to 2024-09-30)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Environmental Sustainability

Environmental Achievements

  • CCGT expansion of M2 increased maximum generation capacity to 300 MW and reduced carbon emissions intensity by more than 60% compared to the legacy coal-fired Milner facility and more than 20% compared to simple cycle operations of M2.

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Non-injury fire at M2 in September 2022 delayed commissioning of the CCGT expansion, resulting in lower generation volumes in 2023.
  • Application for time extensions of the 86 MW cogeneration power plant at the Milner site was denied by the Alberta Utilities Commission, resulting in project termination and asset write-off.
Mitigation Strategies
  • Repairs to M2's air inlet filter house completed in August 2023, allowing for recommencement of commissioning activities and achieving CCGT commercial operations on October 24, 2023.
  • Settled property insurance claim for $85.0 million, covering damages to the air inlet filter house and business interruption.
  • Terminated the 86 MW cogeneration project and wrote off the assets.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather, wildfires, floods, drought
Transition Risks
  • Greenhouse gas stringency legislation, phasing out of natural gas-fired generation
Opportunities
  • Development of energy-efficient products and services, low emission power generation projects (wind)

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: KPMG LLP

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • CCGT expansion of M2

Awards & Recognition

  • Not disclosed

Reporting Period: 2024-01-01 to 2024-09-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Emissions Reduction

Environmental Achievements

  • Completed construction and commissioning of the CCGT expansion of M2, which captures waste heat and converts it into electricity, decreasing the level of emissions relative to the electricity produced.

Social Achievements

  • Increased community investment contributions

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • M2 experienced a temporary capability derate of the legacy cooling tower system, decreasing generation in the second and third quarters of 2024.
  • Potential future legislation regarding greenhouse gas stringency and phasing out natural gas-fired generation.
Mitigation Strategies
  • Planned maintenance outage in early October 2024 restored generating capacity.
  • Monitoring regulatory initiatives and exploring low-emission power generation projects (Buffalo Atlee wind development project).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Greenhouse gas stringency legislation
  • Legislation phasing out natural gas-fired generation
Opportunities
  • Development of low-emission power generation projects

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed