In doing so, ReNu now holds opportunities with several hydrogen projects such as the Melbourne Hydrogen Hub, Hydrogen Tasmania, and Hydrogen Portland.
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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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