Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from ReNu Energy Limited ( (AU:JNS) ).
Janus Electric has signed a definitive agreement with a Toronto-based consortium to deploy its swappable-battery electric truck conversion technology into a series of circular, captive energy projects in Canada, anchoring a closed-loop logistics hub in Ontario. Under the deal, conversion kits will be exported from New South Wales for local truck conversions, while batteries will be produced in Canada, and the electric fleet will be powered by a waste-to-energy system using advanced pyrolysis and carbon-capture to provide low-cost, low-emissions power, aiming to match diesel performance through rapid battery swapping. The structure of the partnership is designed to validate Janus’s technology commercially while limiting its credit risk through upfront production deposits, and positions the company at the forefront of long-haul freight electrification, although project rollouts remain contingent on financing and Canadian federal and provincial clean-energy incentives.
More about ReNu Energy Limited
Janus Electric is an Australian-based provider of swappable-battery electric truck conversion systems, focusing on heavy-duty freight vehicles. The company exports conversion kits including motors, drivetrains, charging stations and battery mounts, and partners with battery manufacturers such as Electrovaya to support electrified logistics fleets in international markets.
YTD Price Performance: 127.27%
Average Trading Volume: 713,066
Technical Sentiment Signal: Sell
Current Market Cap: A$12.87M
Find detailed analytics on JNS stock on TipRanks’ Stock Analysis page.