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Tempo Australia Ltd ( (AU:H2G) ) has issued an update.
GreenHy2 Limited reported a 33% reduction in net loss for the year ended December 31, 2024, with a net loss of $1,156,627 compared to the previous year’s $1,750,291. The company has implemented a cost reduction strategy for its hydrogen storage batteries, achieving savings of 30% to 50% and significantly reducing delivery times. These efforts have strengthened its market position and improved supply chain efficiency, particularly benefiting its Telstra project.
More about Tempo Australia Ltd
GreenHy2 Limited operates in the renewable energy industry, focusing on hydrogen storage batteries that support 100% renewable energy generation. The company aims to provide competitive renewable solutions as alternatives to traditional energy sources like diesel.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.79M
For an in-depth examination of H2G stock, go to TipRanks’ Stock Analysis page.