Fluor Awarded FEED Contract For World's First Industrial-Scale Sodium-Ion Battery Production Facility
Portfolio Pulse from Benzinga Newsdesk
Fluor Corporation (NYSE:FLR) has been selected by Altris AB to provide front-end engineering and design (FEED) services for the world's first industrial-scale sodium-ion battery production facility in Sweden. The contract value was recognized in Q3 2023. The project will be managed from Fluor's England office and is scheduled for completion in early 2024.
October 25, 2023 | 8:03 pm
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Fluor Corporation has secured a contract to provide FEED services for a sodium-ion battery production facility. This could potentially boost the company's revenues and reputation in the industry.
Fluor Corporation's involvement in the world's first industrial-scale sodium-ion battery production facility could potentially increase its revenues and enhance its reputation in the industry. This is a significant project, and Fluor's role in it could have a positive impact on its stock price in the short term.
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