Stuart, Fla. – December 11, 2025 – Power Systems Mfg. (PSM), a Hanwha company, officially opened its PSM North expansion facility in Stuart, Florida, with a ribbon-cutting ceremony attended by local officials, community leaders, media representatives, and company leadership.
The facility represents a significant investment in advanced manufacturing capacity, skilled workforce development, and long-term support for customers across the global power generation industry.
The program included welcome remarks and an official ribbon-cutting ceremony led by Rafi Balta, President and CEO of PSM; Chris Johnston, Chief Operating Officer; and Vlad Miskovic, Director of Global Workshop Operations. Following the ceremony, guests toured the facility, gaining firsthand insight into PSM's expanded manufacturing, repair, and service capabilities.
PSM welcomed distinguished guests and community partners, including William Corbin, Executive Director of the Business Development Board of Martin County; Blake Capps, Martin County Commissioner, District 3; and Angel Robertson, Outreach Coordinator for U.S. Congressman Brian Mast. Their remarks emphasized the importance of continued industrial investment and job creation in the region.
Local media outlets, including WPBF (ABC 25), covered the event, highlighting the facility's role in strengthening the local economy and supporting critical energy infrastructure.
The PSM North expansion enhances the company's ability to support customers with advanced turbine upgrades, manufacturing, and repair services while reinforcing PSM's long-term commitment to the Stuart community.
"This facility represents more than physical growth," said Rafi Balta, President and CEO of PSM. "It reflects our commitment to our customers, our employees, and the communities where we operate, while positioning PSM to support the evolving needs of the power generation industry."
As PSM continues investing in infrastructure and innovation, the company anticipates its 2026 Asset Managers Conference, where industry leaders will gather to discuss reliability, flexibility, and future-focused turbine solutions.
