4th May 2022 12:12
Atome Energy PLC - green hydrogen and ammonia production-focused company - Signs power purchase agreement for 60 megawatts with Ande, the national electricity supplier and distributor of Paraguay. The deal is the largest ever signed between Ande and an industrial user, Atome says. No consideration needs to be paid in relation to the agreement and power pricing is competitive, on the lowest industrial standard tariff. This will enable competitive pricing in international and domestic market places, it says.
"Executing our first major large scale power purchase agreement now comes at the right time in light of the urgency to increase the supply of fertilisers, prices for which have nearly quintupled over the past two years, with ammonia prices now over USD1,500 per metric ton," says Chief Executive Officer Olivier Mussat.
Current stock price: 149.49 pence, up 31% on Wednesday
12-month change: up 87%
By Elizabeth Winter; [email protected]
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