ASX:SOP

3 stories mentioning ASX:SOPUpdated just now

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Synertec Secures AU$45.5 Million Engineering Services Contract From Australian Government Agency; Shares Surge 19%

Synertec (ASX:SOP) secured an engineering services contract from an unnamed Australian government agency valued at AU$45.5 million over eight years, according to a Monday filing with the Australian bourse.Most of the work will occur over the first 26 months of the contract period, and the project will not require material capital expenditure by Synertec, per the filing.The scope of the award covers design development, detailed design and documentation deliverables, along with construction and commissioning support, the company said.Its shares surged 19% in recent Monday trade.

ASX:SOP

Asia6d ago

Synertec Secures South Australia Powerhouse Energy System Contract from Santos

Synertec (ASX:SOP) secured a contract with Santos (ASX:STO) for the Moomba Central optimization project, to manufacture and supply a powerhouse energy system at Santos' flagship Moomba energy infrastructure precinct in South Australia, according to a Tuesday Australian bourse filing.Synertec will manufacture, supply, and commission two six megawatt-hour powerhouse units, including associated step-up transformers. The delivery of the battery energy storage systems, transformers, commissioning spares, and operational spares is scheduled for the first half of fiscal 2028, with commissioning activities to follow.Project value is around AU$6 million.The broader optimization project plans to replace seven ageing gas-driven compressor stations with a single remotely operated, electrically driven compression hub, supported by new infrastructure and additional power generation capacity.

ASX:SOPASX:STO

Asia55d ago

Synertec Executes Contracts With Santos for Two Additional Powerhouse Systems; Shares Hit 52-Week High

Synertec (ASX:SOP) executed contracts with Santos (ASX:STO) for the delivery of two more Powerhouse systems for the latter's Gladstone liquefied natural gas joint venture operations, taking the total number of contracted units with Santos to six, according to a Tuesday Australian bourse filing.Gladstone is a joint venture among Santos, TotalEnergies, Petronas, and Kogas.One of the new units will deploy 250 kilowatts of solar energy and 1 megawatt-hour of storage to power three coal seam gas wells, per the filing. The second new unit will provide 300 kilowatts of solar energy and 1.5 megawatt-hours of storage, and is expected to power five coal seam gas wells.Both units are scheduled for installation in the first half of fiscal 2027, the company said. The second unit also remains subject to Santos' final investment sanction, which is currently expected around the end of the first quarter of fiscal 2027.All six units are contracted under a build, own, operate, and maintain commercial arrangement, which provides Synertec a flat monthly rental fee.Synertec's shares surged past 19% in recent Tuesday trade and earlier hit a 52-week high. Santos' shares gained 2%.

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