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Delorean Corporation Ltd ( (AU:DEL) ) just unveiled an announcement.
Delorean reported a cash balance of $7.2 million at 31 March 2026 and customer receipts of $0.8 million for the quarter, highlighting continued investment in its bioenergy portfolio. The company is benefiting from strong policy momentum for renewable gas, underscoring its strategic positioning in Australia’s transition to lower-carbon energy.
Construction at the flagship SA1 Salisbury build-own-operate project is progressing well, with key infrastructure installed and a second ARENA grant milestone reached, bringing total grant receipts to $3.8 million. A new general manager has been appointed to focus on commercial contracting and improving plant economics as the facility moves toward full operations.
In New South Wales, Delorean’s board has approved a positive Final Investment Decision for the 100%-owned NSW1 Horsley Park bioenergy facility, backed by $30.5 million in secured grants. The plant is planned to supply renewable natural gas to Brickworks under a long-term offtake agreement, though FID completion depends on closing the remaining $31.6 million in construction funding within six months.
The VIC1 project is being advanced toward a Final Investment Decision in the second half of FY2026, with a focus on supplying renewable natural gas into AGIG’s network. This pipeline of projects reflects Delorean’s strategy to expand its build-own-operate platform across multiple states and gas networks.
Delorean has entered a strategic memorandum of understanding and master services agreement with Opal to conduct an Opal-funded feasibility study at the Maryvale paper mill in Victoria, valued at up to $2 million. The study may open a pathway for further bioenergy developments across Opal’s national footprint, deepening Delorean’s industrial partnerships.
The company continues the operations and maintenance phase of the Lilydale Food Waste to Energy facility for Yarra Valley Water under a contract worth about $8 million over an initial two-and-a-half-year term. This O&M work provides recurring revenue and demonstrates Delorean’s capability in managing operational bioenergy assets alongside its development pipeline.
More about Delorean Corporation Ltd
Delorean Corporation Limited is an Australian bioenergy and renewables developer focused on build-own-operate waste-to-energy and renewable gas projects. The company develops and operates anaerobic digestion and bioenergy facilities that convert organic waste into renewable natural gas, targeting long-term offtake agreements and grid injection to support Australia’s decarbonisation goals.
Average Trading Volume: 141,816
Technical Sentiment Signal: Sell
Current Market Cap: A$22.03M
Learn more about DEL stock on TipRanks’ Stock Analysis page.