Argan, Inc. (NYSE: AGX) is a U.S.-based holding company specializing in engineering, procurement and construction for the energy industry. Through its principal operating subsidiary, Gemma Power Systems, Inc., Argan provides turnkey project management and construction services for power generation facilities, including natural gas‐fired, renewable, and hybrid plants. The company oversees all phases of project execution, from initial feasibility studies and design to commissioning and startup, catering to utility, industrial and independent power producer clients.
Gemma Power Systems focuses on the development of advanced combined‐cycle and simple‐cycle power plants, emphasizing efficiency and environmental performance. Its in‐house engineering staff works closely with leading equipment manufacturers to integrate turbines, heat recovery steam generators and balance‐of‐plant systems. Gemma also supports plant operations through ongoing maintenance, upgrades and performance optimization services, helping clients meet evolving regulatory requirements and sustainability goals.
Argan’s Atlantic Projects Company subsidiary is a global provider of fabrication and construction services for cryogenic gas processing and storage facilities. With facilities in the United Kingdom, Belgium and the Netherlands, Atlantic Projects designs and builds onshore and offshore modules, tanks and specialized process skids for liquefied natural gas (LNG), hydrogen, petrochemical and biogas markets. The subsidiary’s modular fabrication approach enables rapid site assembly, reduced shutdown times and improved safety performance.
Founded in 1983 and headquartered in Rockville, Maryland, Argan has evolved from a niche communications and energy services company into a diversified project delivery platform serving North America, Europe and the Middle East. Under the leadership of Chairman and Chief Executive Officer Peter C. Kinnear, the company has maintained a focus on engineering excellence, safety and quality control. Argan continues to pursue growth opportunities in traditional and emerging energy sectors, leveraging its expertise to support clients’ transition to lower‐carbon and more reliable energy solutions.
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