UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 8.01. Other Events.
Today, Argan, Inc. reports that its wholly owned subsidiary, Gemma Power Systems (“Gemma”), received a full release for the activities on an engineering, procurement and construction services contract for a utility-scale solar field project in Illinois that will provide 405 MW of electrical power. Under a limited notice to proceed, as previously disclosed, Gemma commenced early engineering and design activities as well as the procurement of certain major equipment related to this project.
The utility-scale solar field will use pre-existing transmission and utility infrastructure from a nearby retired coal power plant. The unique, multi-phased project includes solar-tracking panels that can be stowed by remote command for expected adverse weather events. The project is in its early phases.
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. | ||||
Date: August 6, 2024 |
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| By: |
| /s/ Richard H. Deily | |
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| Richard H. Deily | |||
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| Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary | |||