# Maritime Geothermal secures $1.64M investment from ACOA for expansion

Maritime Geothermal Ltd. received a $1.64 million investment from the Atlantic Canada Opportunities Agency (ACOA) to scale operations at its Petitcodiac, New Brunswick facility, expanding production of NORDIC heat pumps.

- Type: Investment
- Announced: 2026-02-11
- Where: Petitcodiac, New Brunswick, Canada
- Value: $1.22M (1.64M CAD)
- Status: announced
- Products: NORDIC geothermal heat pumps, air-source heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Maritime Geothermal](https://endata.com/companies/90238.md)
- [Atlantic Canada Opportunities Agency](https://endata.com/companies/90298.md) (investor)

## Sources

- [nordicghp.com](https://www.nordicghp.com/scaling-for-a-sustainable-future-maritime-geothermal-secures-1-64-million-investment-from-acoa/), 2026-02-11: "This expansion is about more than just square footage."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.