Australia's Renu Energy jumps on investment in Sydney-based energy software firm

Janus Electric Holdings

29/09/2022 02:49

** Shares of Australia's Renu Energy Ltd  RNE.AX  rise as
much as 13.5% to A$0.042 - set to mark best day since Aug 30 if
gains hold
    ** Lean energy tech co enters into subscription agreements
with Sydeny-based energy software firm Enosi for further
investment of up to A$1 mln ($650,200) to increase interest up
to 14%  urn:newsml:reuters.com:*:nASX5z7TFc
    ** Says once A$500,000 investment is completed, co will be
able to nominate a non-executive director to Enosi board
    ** Adds that Google will be using Enosi's Powertracer
technology to trace its clean energy use in Australia
    ** Stock had fallen 54.3% this year, as of last close
($1 = 1.5380 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))