ACRG received an LOI from Nevada geothermal utility Elko Heat Company for up to $40M of joint development capital to pursue the BLM Solar Energy Zone at Millers. The disclosed funding commitment is incremental and supportive for project development, but likely limited in immediate market impact given the LOI stage and no confirmed financing/terms beyond the cap.
ACRG received an LOI from Nevada geothermal utility Elko Heat Company for up to $40M of joint development capital to pursue the BLM Solar Energy Zone at Millers. The disclosed funding commitment is incremental and supportive for project development, but likely limited in immediate market impact given the LOI stage and no confirmed financing/terms beyond the cap.
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mildly positive
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0.25
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