SES may earn a fixed USD 2 million fee for design and permit work, but the customer must first secure a site and buyers for 75% of output. The plant is not yet set to proceed, so this does not change SES's outlook.
The fee would pay SES for early design and permit work if the customer proceeds. The customer still needs a site and buyer agreements covering at least 75% of planned output, so a plant build is not secured.
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