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An update from ReNu Energy Limited ( (AU:JNS) ) is now available.
Janus Electric has secured formal approval from the California Air Resources Board for its JCM 540 battery-electric conversion system to qualify under the state’s Clean Truck and Bus Voucher Incentive Project. The ruling allows eligible California fleet operators to receive up to US$90,000 per converted Class-8 truck, sharply lowering the cost of converting existing diesel prime movers to full battery-electric operation and opening immediate commercial opportunities across port, drayage and regional freight corridors. With its first conversion kits already exported to the U.S. and truck trials expected to begin by June 30, 2026, the approval embeds Janus within California’s influential incentive framework, materially advancing its U.S. export strategy and positioning the company as a scalable player in the global zero-emission heavy freight market.
More about ReNu Energy Limited
Janus Electric Holdings Limited is an Australian-based company focused on zero-emission transport solutions, specialising in battery-electric conversion systems for heavy freight trucks. Its core product, the JCM 540 conversion module paired with a patented swappable battery architecture, targets Class-8 diesel prime movers and is designed for port, drayage, regional and interstate haulage markets, with a growing strategic focus on the U.S. and particularly California’s zero-emission truck segment.
Average Trading Volume: 884,362
Technical Sentiment Signal: Sell
Current Market Cap: A$6.44M
See more insights into JNS stock on TipRanks’ Stock Analysis page.