* 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: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.