Maritime Geothermal Ltd., a long-established Canadian provider of heating solutions with more than four decades of experience, has secured a US$1.64 million investment from the Atlantic Canada Opportunities Agency (ACOA).
The funding will support a 15,000-square-foot expansion at the company’s manufacturing facility in Petitcodiac, increasing the total operational space to 45,000 square feet.
The expansion is aimed at responding to growing demand for Canadian-manufactured geothermal and air-source heat pump systems, particularly as housing development accelerates across Atlantic Canada. Once completed, the project will enhance production capacity for Maritime Geothermal’s NORDIC® range of air-source and geothermal heat pumps, while also creating new employment opportunities in the region.
Scheduled for completion in February, the facility upgrade is expected to play a direct role in strengthening Canada’s housing supply chain by increasing the local availability of energy-efficient heating technologies. By scaling domestic manufacturing, the company is helping builders access reliable, high-performance HVAC systems without relying on extended supply chains.
“This expansion is about more than just square footage; it’s about responding to the urgent need for faster, more sustainable home construction,” said Jared Kaye, General Manager of Maritime Geothermal Ltd. “By scaling our manufacturing, we are helping builders complete projects more quickly and ensuring that the Atlantic Canadian housing market has a reliable, local source for high-performance HVAC systems.”
The Honourable Sean Fraser, Minister responsible for ACOA, highlighted the broader impact of the investment, noting that such initiatives help builders "reduce delays, and bring housing projects to completion more quickly."
Beyond supporting housing delivery timelines, the expansion aligns with the growing adoption of heat pump technologies across Canada. Geothermal and air-source heat pumps are recognised for their ability to significantly reduce greenhouse gas emissions, with potential reductions of up to 70% compared to conventional electric or oil-based systems, according to Natural Resources Canada. These systems also offer substantial cost savings for homeowners, operating at efficiencies of 300 to 400 percent by transferring heat rather than generating it, as outlined by Energy.gov.
In addition, the installation and maintenance of geothermal systems rely on specialised local expertise, supporting skilled employment and keeping economic benefits within local communities.
As pressure continues to mount on Canada’s housing sector, Maritime Geothermal Ltd. says it remains focused on delivering innovative, energy-efficient solutions that enable faster construction while supporting long-term sustainability goals.