RONN, Inc. Forges Ahead with Hydrogen Partnership in Canada and Hydrogen Energy Systems
Key Ideas
  • RONN, Inc. CEO Ronn Ford is finalizing a joint venture agreement with Hydrogen Energy Systems to expand their hydrogen operations.
  • The collaboration includes establishing hydrogen hubs in Canada with Indigenous First Nations to produce green hydrogen using wind turbines.
  • The joint venture will integrate PEM electrolyzers with low-pressure storage containers, contributing to the commercialization of the hydrogen economy.
  • The agreement aims to export hydrogen produced in Canada through the Port of St. John, advancing the hydrogen market for both companies.
RONN, Inc (OTC PINK:RONN) is moving forward with a significant hydrogen partnership with Hydrogen Energy Systems (HES) in Canada. The CEO, Ronn Ford, is meeting with HES executives to transition from a Letter of Intent to a formal joint venture agreement. Together, they plan to expand their hydrogen operations, focusing on green hydrogen production using wind turbines. This collaboration includes working with Indigenous First Nations in Canada to establish hydrogen hubs that aim to reduce energy costs. The surplus hydrogen will be stored in proprietary systems for potential sale. The joint venture will combine Hydrogenin Horizons PEM electrolyzers with Hydra-Pak's low-pressure storage containers, enhancing the effectiveness of hydrogen hubs. Hydrogen Energy Systems will provide hydrogen sales contracts to support the projects. Additionally, RONN's hydrogen-electric logistic vehicles will be utilized in all joint venture projects. The agreement also includes incorporating the Port of St. John in New Brunswick to facilitate hydrogen exportation. This partnership marks a significant step towards commercializing the hydrogen economy and promoting green energy initiatives.
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