ReNu Energy Limited (AU:RNE) has released an update.
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ReNu Energy Limited is making significant strides towards establishing Australia’s pioneering end-to-end hydrogen transport ecosystem, aimed at reducing carbon emissions in the heavy transport sector. The company, buoyed by an $8 million grant from the Tasmanian Government and robust investor interest, is advancing towards a Final Investment Decision in 2024, with support from HESTA under a Platform Agreement. Key developments include securing site options, progressing engineering and procurement contracts, and collaborating with partners for green hydrogen production and supply.
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