Fluor Secures EPCM Services Contract For Phase One Of Northvolt's Lithium-ion Battery Factory In Heide, Germany
Portfolio Pulse from Benzinga Newsdesk
Fluor has secured an EPCM services contract for Phase One of Northvolt's lithium-ion battery factory in Heide, Germany. Fluor will recognize its portion of the $4.8 billion project in Q2 2024, with completion scheduled for 2027.
June 27, 2024 | 8:05 pm
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Fluor has secured a significant EPCM services contract for Northvolt's lithium-ion battery factory in Germany, with revenue recognition in Q2 2024.
The contract is a substantial addition to Fluor's project portfolio, likely boosting revenue and investor confidence. The recognition of revenue in Q2 2024 provides a clear timeline for financial impact.
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