Lion Energy Limited (AU:LIO) has released an update.
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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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