ReNu Energy Limited (AU:RNE) has released an update.
ReNu Energy Limited sharpens its focus on green hydrogen development, with strategic changes aimed at advancing its flagship Tasmanian project, Hydrogen HyWay#1, towards a Final Investment Decision (FID). The company is streamlining its operations, including board and management remuneration reductions, to prioritize green hydrogen supply and replicate its business model across Australia and internationally. ReNu Energy is also exploring the potential sale of investee companies to fund the project, reflecting its commitment to becoming a leader in low-emission hydrogen production for heavy transport and power generation.
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