Fluence Corporation Limited Gains Significant Contract
Fluence Corporation Limited (ASX: FLC) has secured a major contract exceeding US $12 million for a water treatment system. This development marks a significant milestone for the company as it reinforces its expanding presence in the Middle East region, particularly in the power and energy sector.
Project Overview and Timeline
The contract has been awarded by Tecnicas Reunidas, S.A. (TR), which is set to construct a new combined-cycle power plant in Saudi Arabia. Fluence will provide an ultra-pure water treatment system, specifically utilizing its advanced Niroflex™ systems aimed for pretreatment and demineralization. The commencement of work is expected to happen immediately, with the majority of the work scheduled for completion in the year following the onset, and the project's startup aimed for the first half of the following year.
Commitment to Sustainability
This contract is a testament to Fluence's commitment to delivering high-efficiency and sustainable water treatment solutions. The company's growth strategy focuses on leveraging its expertise to cater to the industrial, ultra-pure application needs of the power industry. Tom Pokorsky, CEO and MD of Fluence, expressed excitement about the partnership, emphasizing the importance of collaboration with TR to further enhance and expand their engagement.
The Global Strategy of Fluence
Fluence's strategy, branded as "One Fluence", illustrates the company's approach to combining resources and expertise across regions. The collaboration between the Municipal Water & Wastewater team in the Middle East and the Industrial Water & Reuse team in Argentina is expected to yield effective execution and delivery of high-quality solutions tailored for the client and their end users.
Expanding Market Reach
Fluence Corporation Limited is recognized as a leader in various domains such as Wastewater Treatment and Reuse, and Industrial and Drinking Water markets. The company offers rapid delivery solutions that meet a spectrum of operational needs from small communities to large-scale city systems. Additionally, it provides support through ongoing operation and maintenance, along with various revenue-generating models including Build Own Operate (BOO).
Contact Information
For inquiries and further information regarding this project, interested parties can reach out to:
Australia
Contact: Andrew Angus
Investor Relations
Email: andrewangus@overlandadvisers.com.au
Phone: +61 402 823 757
USA
Contact: Tom Pokorsky
Managing Director & CEO
Email: tpokorsky@fluencecorp.com
Frequently Asked Questions
What is the value of the contract Fluence secured?
The contract is worth over US $12 million.
Who is Fluence partnering with for this project?
Fluence is working with Tecnicas Reunidas, S.A. (TR) for this power plant project.
What type of water treatment system will Fluence provide?
Fluence will provide an ultra-pure water treatment system utilizing its Niroflex™ technology.
When is the project expected to be completed?
Majority of the work is expected to be completed in 2026 with startup projected for the first half of 2027.
How does Fluence support its customers beyond project completion?
Fluence offers ongoing operation and maintenance support and various revenue models for its clients.
