Brief: Net Power Unit & Baker Hughes Energy Services Entered Into Variation Agreement No. 2

NET Power

04/10/2024 21:45

Oct 4 (Reuters) - NET Power Inc  NPWR.N :
    * NET POWER: ON SEPT 30, CO'S UNIT & BAKER HUGHES ENERGY
SERVICES
LLC ENTERED INTO VARIATION AGREEMENT NO. 2
    * NET POWER: PURSUANT TO LNTP, CO WILL PAY BAKER HUGHES UP
TO
ABOUT $90 MILLION FOR PURCHASE OF LONG-LEAD MATERIALS
    * NET POWER INC: PAYMENTS FOR LONG-LEAD MATERIALS UNDER
ORIGINAL
LETTER OF LIMITED NOTICE TO PROCEED COMMENCED IN DECEMBER 2023
    * NET POWER: REMAINDER OF PAYMENTS UNDER LNTP ARE EXPECTED
TO
CONTINUE TO BE MADE THROUGH APRIL 2026
    * NET POWER: CO, BAKER HUGHES INTEND TO ENTER INTO PURCHASE
AGREEMENT FOR TURBOEXPANDER & KPEP IN 2025

Source text for Eikon:  ID:n0001845437-24-000058 
Further company coverage:  NPWR.N 

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