Workhorse signs $10 million reference-unit deal for Union City plant
Workhorse Group signed a $10 million agreement on Oct. 28 to build one TerraPod manufacturing reference unit at its Union City plant, according to the company’s SEC filing. UK-based Rhaelm is to pay in three installments. The unit will be a nonfunctional physical model used to check the layout and assembly of a proposed modular data-center system; it is not a working data center or a production order.
Workhorse Group signed a $10 million agreement on Oct. 28 to build one TerraPod manufacturing reference unit at its Union City plant, according to the company’s SEC filing. UK-based Rhaelm is to pay in three installments. The unit will be a nonfunctional physical model used to check the layout and assembly of a proposed modular data-center system; it is not a working data center or a production order.
The companies also signed a separate, nonbinding letter of intent to negotiate a supply agreement by year-end. A possible 150-system order depends on that later deal, acceptance and approvals; none is committed. For Randolph County, the signed contract sets out reference-unit work at an existing manufacturing site, while larger-scale production and jobs remain unannounced.
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Sources
- U.S. Securities and Exchange Commission Form 8-K: Workhorse signs $10 million agreement to build TerraPod manufacturing unit at Union City facility ↗
- ir.workhorse.com ↗
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