Australia's Frontier Energy gains most in a week on study for hydrogen facility

Frontier Energy

08/09/2022 05:19

** Shares of renewable energy co Frontier Energy  FHE.AX 
rise as much as 4.2% to A$0.37, eyeing their best session since
Aug. 30
    ** FHE says commenced Pre-Front End Engineering Design or
Pre-FEED study for hydrogen facility at co's Bristol Springs
Green Hydrogen Project in Western Australia  urn:newsml:reuters.com:*:nASX36LSR9
    ** Study will be completed in 4Q 2022 and will provide a
higher level of confidence as compared to a definitive
feasibility study, says co
    ** Study to be completed by global engineering and
construction firm GHD
    ** Stock up ~173% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))