Australia's ReNu eyes best day in over 7 months on green hydrogen project progress

Janus Electric Holdings

24/06/2022 05:06

** Shares of clean energy technology co ReNu Energy  RNE.AX 
rise as much as 42.3% to A$0.037, post their biggest intraday
pct gain since Nov. 10, 2021
    ** RNE says it is completing the design of a green hydrogen
electrolysis production facility in Southern Tasmania
 urn:newsml:reuters.com:*:nASX23jr6m 
    ** Project has a planned capacity of 1MW to 2MW, or 430kg to
900kg hydrogen per day, says co
    ** Expects project to be a collaboration between unit
Bullock Property Developments and the Tasmanian govt
    ** Expects project to be online by Q4 2023
    ** Shares hit their highest since June 9
    ** Nearly 1.6 mln shares change hands, compared with the
30-day average volume of about 311,000 shares 
    ** Stock down 67.9% this year, as of last close

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