Fluence Secures $12 Million Water Contract for Saudi Power Plant; Shares Hit 52-Week High

MT Newswires Live

10/28

Fluence (ASX:FLC) has secured a contract worth over $12 million to supply an ultrapure water treatment system for Tecnicas Reunidas' new combined-cycle power plant in Saudi Arabia, according to a Tuesday filing with the Australian bourse.

The project, which incorporates the company's Niroflex technology with pretreatment and demineralization, is set to begin immediately, with most work completed in 2026 and start-up planned for the first half of 2027, per the filing.

Shares of the company rose past 6% in recent Tuesday trade and earlier hit a 52-week high.

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