ReNu Energy: A Company for Renewable and Clean Energy Solutions

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The company I'm going to introduce is $Renu Energy(RNE.AU)$.

It went public on in 2010.

[Company Profile]

ReNu Energy Limited develops renewable and clean energy solutions in Australia.

The company originates and develops green hydrogen projects; and develops and commercializes water-based electrolyte battery technologies.

It also develops Powertracer, a grid scale renewable trading and tracing solutionand commercializes the Cobber, a patented micro renewable energy generator powered by biomass.

The company was formerly known as Geodynamics Limited and changed its name to Renu Energy Limited in November 2016. ReNu Energy Limited was incorporated in 2000 and is based in Milton, Australia.

[History & Events]

2000: ReNu Energy Limited was incorporated and was based in Milton, Australia.

2010: ReNu Energy went initial public offering on ASX with the sign of“RNE”.

2010: ReNu Energy reported that it had successfully indentified fractures in the upper section of the granite in its Jolokia well at the Cooper Basin, using a purpose built imaging tool.

2019: ReNu Energy acquired two solar farms in South Australia from Astronergy Solar Australia. The two 5.8MW grid connected solar farm developments are located near Kadina and Bungama in South Australia.

2021: Renu Energy entered into a Share Purchase Agreement to acquire 100% of Countrywide Renewable Hydrogen Limited (CRH).

2022: ReNu Energy (ASX: RNE) secured an investment of up to $100 million from Australian superannuation fund HESTA for the development of three green hydrogen projects owned by subsidiary Countrywide Hydrogen.

2022: Renu Energy won government support as it signs hydrogen MOU with Tasmanian airport.

2022: ReNu Energy was to become a significant interest holder in renewables-focused energy retailer Enosi, which worked with power plant operators to give them access to customers who wanted renewables-only electricity.

[Business Section]

Source: TigerTrade

[Net Income &Total Revenue]

Source: TigerTrade

Source: TigerTrade

[Competitors]

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