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Synertec Corporation Limited (ASX:SOP)

ALERT: Price-sensitive ASX Announcement for SOP
Current share price for SOP : $0.052 0.016 (44.44%)+
Announcement
Release
14 Jul 2026 9:57AM
Price at Release
$0.036
Full Release
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Summary
Synertec Corporation Limited has signed contracts with Santos to deliver two additional Powerhouse systems for its GLNG operations, making it a total of six systems under a Build, Own, Operate and Maintain (BOOM) model. These systems integrate smart Predictive Intelligence technology to provide cost-effective, reliable, and scalable renewable energy, eliminating the need for fossil-fuel generators in remote operations. The Powerhouse technology enhances energy efficiency, thus reducing operational costs for Santos while preserving gas for market sales. This agreement marks an increasing integration of Synertec's solutions into Santos' upstream developments, with Unit #6 pending final investment sanction for execution in FY27. Synertec’s scalable global supply chain enables low-cost, high-capacity deployment, reinforcing its potential across multiple sectors as demand for renewable energy grows.
Key Points
  • Synertec signed contracts for two more Powerhouse systems with Santos
  • Total Powerhouse systems contracted to Santos is now six
  • Operates under a BOOM model providing Power-as-a-Service
  • Powerhouse systems use smart Predictive Intelligence technology
  • Unit #6 awaits final investment sanction for FY27 execution
  • Synertec enhances energy efficiency, reducing operational costs
  • Scalable deployment through a global supply chain
  • Synertec positioned for growth in renewable energy markets
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.