ReNu Energy Limited (AU:RNE) has released an update.
ReNu Energy Limited secures a Power Purchase Agreement with Climate Capital, aiming to power its hydrogen production facilities in Tasmania with energy from a new 9.95MW solar farm. The agreement, set for a 15-year term with an optional extension, supports the company’s plan to establish Australia’s first hydrogen transport ecosystem. This ecosystem will supply green hydrogen to fuel cell trucks and buses, aiding in the decarbonization of the heavy transport industry.
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