ReNu Energy’s focus is to become one of the only ASX listed companies focusing on a clean energy incubator/accelerator strategy, taking strategic stakes and nurturing renewable energy projects, moving to either a controlling interest, supporting through to an IPO process or exiting via trade sale.
ReNu Energy is advancing its clean energy incubator/accelerator strategy.
In February 2022, ReNu Energy completed the acquisition of 100% of Countrywide Renewable Hydrogen Limited, an Australian company that originates green hydrogen projects to develop them in collaboration with project partners and governments.
In December 2021, ReNu Energy announced an investment in Allegro Energy Pty Ltd, a battery technology company focused on the commercialisation of a unique water-based electrolyte battery technology.
In September 2021, ReNu Energy announced an investment in Enosi Australia Pty Ltd, an Australian company that has developed Powertracer: a first-of-its-kind grid scale renewable energy trading and tracing solution.
In July 2021, ReNu Energy made a cornerstone investment in Uniflow Power Limited, an unlisted public company commercialising a patented micro renewable energy generator powered by biomass – known as the Cobber.
ReNu Energy Limited (ReNu Energy or Company) (ASX: RNE) is pleased to provide the following update on its recent activities for the three-month period ended 30 June 2022 (the quarter). The results from the quarter have reinforced ReNu Energy’s view that progressing hydrogen projects with a focus on supplying domestic demand has struck a chord with global companies seeking hydrogen investment opportunities in Australia. With potential hydrogen exports several years away, ReNu Energy sees the domestic market growing quickly due to the volume of road transport and appetite for decarbonising natural gas networks.
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