v3.26.1
Inventory
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventory
6.
INVENTORY

Inventory is stated at the lower of cost or net realizable value. Inventory consists of fully assembled generators, work-in-progress generators, and other major equipment used for power system sales installation services contracts valued using the specific identification and FIFO method and spare parts inventory for Ongoing Services contracts valued using the average cost method.

Inventory consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2026

 

 

2025

 

Natural gas generators

 

$

23,236

 

 

$

10,017

 

Installation equipment

 

 

6,678

 

 

 

5,045

 

Raw materials

 

 

61,733

 

 

 

19,988

 

Work in progress

 

 

5,480

 

 

 

169

 

Spare parts inventory

 

 

8,932

 

 

 

8,461

 

Total inventory

 

$

106,059

 

 

$

43,681