Australia's Frontier Energy rises as co starts renewable energy expansion study

Frontier Energy

15/03/2022 04:48

** Shares of Frontier Energy  FHE.AX  climb as much as 35%
to A$0.270, their highest since Jan 25, 2021
    ** The renewable energy co started a renewable energy
expansion study at its Bristol Springs Solar Project (BSS
Project) in Western Australia  urn:newsml:reuters.com:*:nASX7mWTDc
    ** Says the expansion study will assess optimisation of
solar production, wind energy as well as battery storage and
opportunities to increase power capacity beyond 500MWdc
    ** Co adds it has started a green hydrogen study at the BSS
project to assess green hydrogen production using future clean
energy from the project
    ** Shares mark their biggest intraday gain since March 3
    ** Trading volumes are 3.5 times the 30-day average of
553,453 shares
    ** As of last close, stock up 53.9% this year
    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))