Argan Inc 8-K, filed Feb 4, 2025
Argan Inc (AGX)
About this 8-K
Argan Inc filed this 8-K on February 4, 2025.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01. Other Events.
Today, Argan, Inc. (“Argan” or the “Company”) reports that its wholly owned subsidiary Atlantic Projects Company entered into an engineering, procurement and construction services contract with SSE Thermal, part of the integrated energy group SSE plc, for an approximately 300 MW biofuel power plant located in County Kerry, Ireland. The Tarbert Next Generation Power Station will consist of Ansaldo Energia’s AE94.3A turbine that will run on 100% sustainable biofuels with the potential to convert to hydrogen. The full amount of the contract value will be included in the Company’s backlog for the fiscal year ended January 31, 2025.
The flexible power generated at Tarbert will help to support Ireland’s energy security while delivering a renewables-led system. Enabling works are now underway ahead of full construction commencing later this year with planned completion towards the end of 2027.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| ARGAN, INC. | ||||
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Date: February 4, 2025 |
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| By: |
| /s/ Joshua S. Baugher | |
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| Joshua S. Baugher | |||
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| Senior Vice President, Chief Financial Officer and Treasurer | |||