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22/07/22

15:02

Post #: 62678290
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Originally posted by camban: ↑

Time for an announcement, PRL! It seems the partnership with Total Eren is practically a given now in the way it is being referred to by Total Eren in the international media, including this today ex-Germany.

Let’s act like a tier 1 company and not leave it all until the very last day of expected MoU expiry to confirm the terms/state of play! You could be confused for thinking PRL is doing everything it can (i.e. saying nothing at all) to ensure the conversion of the MoU to a partnership can be written off as “already priced in” when the time comes rather than result in a re-rate.

Long-term visions: Total Eren becomes H2Global's latest foundation member

https://world.einnews.com/pr_news/582322332/long-term-visions-total-eren-becomes-h2global-s-latest-foundation-member

Hamburg/Paris, 21 July 2022.

Total Eren, a leading France-based renewable IPP with large-scale green hydrogen projects under studies globally, in particular in Chile (H2 Magallanes project) and Australia (HyEnergy project), is now also providing its expertise in renewable energy and green hydrogen to the H2Global Foundation...

...David Corchia, Chief Executive Officer of Total Eren commented: "The climate crisis commands for immediate actions. Germany is positioning itself at the forefront of the development of green hydrogen to cover its industrial and energy needs. Total Eren has made the strategic decision more than 2 years ago to develop multi-GW wind & solar projects in locations benefiting from exceptional natural resources. Far from Europe but with intrinsic low power generation costs, those projects will aim at delivering clean and reliable energy sources to Europe and Asia in the form of H2 or its derivatives. Germany is a top priority for us. We wish strong and forward looking decisions will enable us to develop these extreme large scale projects in Latin America, Australia and North Africa for the benefit of the local and the German people...”

Also let’s not forget that the Commonwealth Govt signed a Hydrogen accord with Germany just last year to enable exactly what the Total Eren global CEO is talking about above.

https://www.reuters.com/business/sustainable-business/germany-prepares-set-up-hydrogen-accord-with-australia-2021-06-13/

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Totally! Boom tish. Great find, thanks for sharing.

PRL Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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