AVAX Flat on Enlisting ASCENT

AVAX One Technology Ltd. (NASDAQ: AVX) today announced that ASCENT Consulting Ltd. has been selected to lead engineering and design on the Company’s 10 MW critical power facility under development in Alberta.

As previously announced, AVAX One is building a 10 MW behind-the-meter facility in Alberta to support critical AI and high-performance computing infrastructure. The facility will feature natural-gas-fired generation with battery energy storage integration in an Uptime Institute Tier 3 configuration. Previous updates on this project include:

• Initiating the development of its first 10 MW Tier 3-ready AI/HPC powered land site in Alberta;

• Signing the front-end engineering and design (FEED) proposal with BlueFlare Energy Solutions Inc; and

• Confirming the fully behind-the-meter natural-gas generation model.

Building on this momentum, AVAX One, in consultation with BlueFlare, has now selected ASCENT to serve as Owner’s Engineer. As a result, the project is now advancing from conceptual design into detailed engineering and AESO-ready deliverables.

Founded in 1994 and headquartered in Calgary, ASCENT is a privately owned, multi-disciplinary engineering, procurement, and design firm registered across Alberta, British Columbia, Saskatchewan, the Northwest Territories, and Nunavut. The firm has delivered more than 3,500 projects over its three decades of operation.

AVX shares were unchanged at 52.2 cents.

Tech Insider