In doing so, ReNu now holds opportunities with several hydrogen projects such as the Melbourne Hydrogen Hub, Hydrogen Tasmania, and Hydrogen Portland.
These will help ReNu Energy to delve deeper into the hydrogen market and become a more prominent company in the hydrogen economy.
Not only does it give the company a foothold in the Australian hydrogen market but additionally provides a basis to expand operations to both Canada and the USA allowing for a truly global portfolio of hydrogen projects.
Geoffrey Drucker, Managing Director of Countrywide Renewable Hydrogen and Energy Director at ReNu Energy, said, “Being a member of the ReNu Energy Group provides CRH with access to the capital it requires to progress the projects to Final Investment Decision.
“This acquisition also sends a strong message to the market and potential collaborators about our corporate credibility, with ReNu Energy having completed detailed due diligence on our company and projects.”
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