Lion Energy Limited (AU:LIO) has released an update.
Lion Energy Limited is making significant strides in the green hydrogen sector, with plans to build Southeast Queensland’s first commercial scale green hydrogen production and distribution hub, following a successful 20-year lease agreement at the Port of Brisbane. The company has secured $1.6 million in capital and is finalizing negotiations with potential joint venture partners, while maintaining its traditional oil and gas production with a recent four-year PSC extension. As the demand for green energy solutions rises, Lion Energy is poised to announce its first green hydrogen offtake contract in the upcoming quarter, signaling a strong move towards cleaner energy for transportation and industrial use in Australia.
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