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Jed7689

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10/11/22

12:05

Post #: 64691317
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Originally posted by sydney6791: ↑

even if it invest on the project , It’s not RNE’s , RNE may work as an operator, fund manager?

All talking big, but I don’t think they really know how to make 1c profit from green hydrogen project in next 5 or even 10 years.

No hydrogen powered vehicles running on the road, no shipping facilities, no stations then where to dump the hydrogen?

using electricity to produce hydrogen is non profitable especially when electricity price keeps raising unless government pays for the loss.

all in all green hydrogen maybe still the future but it’s not a profitable industry in foreseeable future. I am involved in developing a hydrogen project in China, the local electricity supplying cost is only AUD 0.03 /KW, but still can not be profitable without government contributions. Simply because of the complex chains. China already has 40t hydrogen truck but costs AUD 500 thousands each, to build a new station costs AUD 3m at least, spreading and shipping problems, these are real factors affecting the uncertainty and profitability.

does RNE currently has land, solar farm to start with? I only see they have CRs.

Expand

https://www.toyota.com.au/mirai?gclsrc=aw.ds&gclid=CjwKCAiAvK2bBhB8EiwAZUbP1KdJGRXb9z5LpgrtArH4Nv0QERFtlJ_4BTGpMggG2M-Zkug5W1E0FBoCGrMQAvD_BwE

Originally posted by mehar87: ↑

@sydney6791

ReNu Energy Limited (ASX: RNE) (ReNu Energy) is pleased to announce that it is completing the
design of a green hydrogen electrolysis production facility, the Hydrogen Tasmania Brighton Project
(the Project), to be developed 30 minutes north of Hobart.
With the intention to achieve early hydrogen production to support industry growth, the Project is to
be funded by ReNu Energy and developed by its wholly owned subsidiary Countrywide Renewable
Hydrogen Pty Ltd (CRH).
CRH has agreed a term sheet and executed an option to lease land owned by Bullock Property
Developments Pty Ltd (Bullock Civil) and is negotiating supply of an electrolyser. The term sheet
and option to lease set out the strategic framework for the parties to agree the commercial terms
for the lease and to convert into definitive arrangements as the Project advances.

Expand

Originally posted by sydney6791: ↑

even if it invest on the project , It’s not RNE’s , RNE may work as an operator, fund manager?

All talking big, but I don’t think they really know how to make 1c profit from green hydrogen project in next 5 or even 10 years.

No hydrogen powered vehicles running on the road, no shipping facilities, no stations then where to dump the hydrogen?

using electricity to produce hydrogen is non profitable especially when electricity price keeps raising unless government pays for the loss.

all in all green hydrogen maybe still the future but it’s not a profitable industry in foreseeable future. I am involved in developing a hydrogen project in China, the local electricity supplying cost is only AUD 0.03 /KW, but still can not be profitable without government contributions. Simply because of the complex chains. China already has 40t hydrogen truck but costs AUD 500 thousands each, to build a new station costs AUD 3m at least, spreading and shipping problems, these are real factors affecting the uncertainty and profitability.

does RNE currently has land, solar farm to start with? I only see they have CRs.

Expand

https://www.hyundai.com/worldwide/en/brand-journal/sustainable-vision/h2uxlaunch?cmpid=SEA|ACCOUNT:HyundaiWorldwide|CAMPAIGN:2022AUGenericVehicles|ADGROUP:HydrogenExact|ENGINE:GOOGLE|NETWORK:SEARCH|REGION:AU|KEYWORD:hyundai%20hydrogen%20cars|MATCHTYPE:e&gclid=CjwKCAiAvK2bBhB8EiwAZUbP1PBKHKgR1LHuSQMCa-0nbXTK2ZQtcS4W5oRsS3hQvxksvGYMT2BJqhoCOScQAvD_BwE

RNE Price at posting: 7.1¢ Sentiment: Hold Disclosure: Held
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