RONN Inc. (OTC:RONN) has received a memorandum of understanding (MOU) purchase order for 60 patented electrolyzers and 60 low-pressure storage units in collaboration with HES. The deal includes financing guarantees for capital expenditure from Scottland Enterprise International totaling $300 million. The joint venture aims to focus on the development, manufacturing, and deployment of hydrogen production technology. SEI's support package offers assistance with capital expenditure funding, business plan preparation, investor introductions, and supply chain expertise. The joint venture will oversee the design and manufacturing of the electrolyzers, providing technical expertise and resources. However, the deal is still in the MOU stage pending the completion of due diligence, with the final purchase order dependent on financing guarantees. Overall, the joint venture signifies a positive step towards advancing hydrogen technology with significant financial backing and strategic collaboration.