Lion Energy Limited (AU:LIO) has released an update.
Lion Energy Limited has announced a partnership with DGA, a subsidiary of Mitsubishi Corporation, and Samsung C&T to develop a green hydrogen hub at the Port of Brisbane. The agreement includes an initial payment to Lion for A$3.7m for pre-construction costs and future debt financing of A$6.3m for construction costs, with the project expected to be fully funded. This collaboration is set to bolster Lion’s position in the green energy sector and contribute to Australia’s zero-emissions efforts in heavy-mobility transportation.
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