RONN Inc. Expands Partnership with Hydrogen Energy Systems for Sustainable Hydra-Paks
Key Ideas
  • Expanded MOU focuses on patented low-pressure hydrogen storage solutions called Hydra-Paks.
  • Hydra-Paks to be utilized in RONN's hydrogen hub projects for First Nations agreements and adapted in HFC Mid-Mile Logistic vehicles for extended range.
  • Collaboration aims to promote sustainable low-pressure hydrogen technologies in both mobile and stationary applications.
  • US hydrogen energy storage market valued at $3.17 billion in 2023 and expected to grow at a 5.3% CAGR from 2024 to 2030; Global market projected to expand from $11.4 billion in 2023 to $196.8 billion by 2028.
RONN Inc. (OTC PINK:RONN) has announced an expanded Memorandum of Understanding (MOU) with Hydrogen Energy Systems Inc., emphasizing their patented low-pressure hydrogen storage solutions known as Hydra-Paks. These innovative solutions will be integrated into RONN's hydrogen hub projects as part of agreements with Canadian First Nations and will also be adapted within RONN's HFC Mid-Mile Logistic vehicles to enhance their range capabilities. The primary goal of this collaboration is to advocate for sustainable low-pressure hydrogen technologies in various applications, whether mobile or stationary. The US hydrogen energy storage market, with a value of $3.17 billion in 2023, is poised for significant growth, expected to achieve a 5.3% Compound Annual Growth Rate (CAGR) from 2024 to 2030. Furthermore, on a global scale, this market is forecasted to expand from $11.4 billion in 2023 to a substantial $196.8 billion by 2028. These growth projections are attributed to the increasing demand for clean fuels and the governmental initiatives aimed at reducing harmful emissions in the pursuit of environmental sustainability.
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