RONN Inc. Partners with Saudi Arabia for Hydrogen Mobility Innovation
Key Ideas
  • RONN Inc. establishes a new corporate office in Riyadh, Saudi Arabia, forming a joint venture to advance hydrogen-powered mobility solutions in alignment with Vision 2030.
  • The collaboration aims to integrate advanced hydrogen fuel cell technologies into Saudi Arabia's sustainability framework, focusing on zero-emission transportation and economic diversification.
  • The joint venture follows a 90/10 financing model, allowing RONN Inc. to concentrate on technological development, with initial manufacturing efforts starting in the U.S. before expanding in Saudi Arabia.
  • RONN Saudi Arabia plans to develop hydrogen-powered supercars and commercial vehicles, complementing Saudi Arabia's Vision 2030 goals and positioning the Kingdom as a global leader in renewable energy.
RONN Inc., a U.S.-based hydrogen technology innovator, is partnering with Saudi Arabia to establish RONN Saudi Arabia, a joint venture aimed at accelerating hydrogen-powered mobility solutions in line with the Kingdom's Vision 2030. The strategic move involves integrating advanced hydrogen fuel cell technologies into Saudi Arabia's sustainability framework, focusing on zero-emission transportation and economic diversification. The joint venture operates on a 90/10 financing model, enabling RONN Inc. to focus on technological advancements while leveraging local expertise and investments. Initial manufacturing and prototype development will start in the United States, with plans to expand operations in Saudi Arabia well before 2030. The collaboration aims to develop hydrogen-powered supercars and commercial vehicles tailored for the region, supporting Saudi Arabia's goal of becoming a global leader in renewable energy. The Riyadh office will serve as the central hub for joint venture activities, emphasizing international cooperation in the hydrogen sector. The partnership signifies a positive step towards innovation and sustainable hydrogen solutions in the transportation industry. RONN Inc.'s commitment to redefining the transportation landscape through scalable innovation aligns with Saudi Arabia's ambitious renewable energy agenda. This collaboration showcases how visionary leadership and technological advancements can shape the future of a sustainable hydrogen economy across various sectors.
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