GNX genex power limited
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News: GNX Genex Power Says It Executes Autobidder Offtake Agreement With Tesla

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    09/12/21
    08:40
    Post #: 58177292

    Dec 9 (Reuters) - Genex Power Ltd (GNX) :

    • GENEX EXECUTES AUTOBIDDER OFFTAKE AGREEMENT WITH TESLA
    • TESLA WILL PROVIDE A MINIMUM LEVEL OF CONTRACTED REVENUES TO SUPPORT PROJECT FINANCING FOR DEVELOPMENT OF BBP
    • AGREEMENT EXECUTED TO OPERATE BOULDERCOMBE BATTERY PROJECT UTILISING TESLA'S PROPRIETARY REAL-TIME TRADING AND CONTROL PLATFORM
    • AFTER 8 YEARS AND UPON CONCLUSION OF AGREEMENT, GENEX WILL ENTER INTO A LICENSE AGREEMENT WITH TESLA TO OPERATE AUTOBIDDER ON PROJECT
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