LBRT · Liberty Energy Inc.

Liberty Energy Inc. disclosed entry into two supply contracts with Bergen Engines AS for power generation equipment, totaling $505 million. The contracts are for engines and balance of plant equipment intended for the company's prospective data center and other distributed power projects. This investment signals Liberty's strategic pivot into the data center energy market, likely driven by increasing demand from AI and cloud computing. The payment schedule is structured with deposits and milestone-based installments, and delivery is expected to begin in the second half of 2027 and continue through 2028. The contracts include standard protections such as liquidated damages for Bergen's failure to meet delivery or performance targets, and termination rights for material breach or force majeure. The company is also required to provide a parent guarantee for a portion of the contract price. This agreement represents a significant capital commitment and a long-term growth initiative, with execution risk tied to Bergen's ability to deliver on schedule and meet performance guarantees.