ReNu Energy (ASX:RNE) - CEO, Greg Watson
CEO, Greg Watson
Source: Greg Watson/LinkedIn
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  • ReNu Energy (RNE) and its wholly-owned subsidiary Countrywide Renewable Hydrogen start the design of a green hydrogen production facility in Tasmania
  • The Tasmania Brighton Project has a planned capacity of between one to two megawatts per day and has the capacity to supply the TasGas Network Bridgewater city gate
  • It will be able to service the growing demand for a zero-carbon gas alternative with the potential to supply the area with 100 per cent clean hydrogen
  • Subject to necessary approvals and finalising commercial arrangements, the project is expected to be online by Q4 2023
  • ReNu is up 38.5 per cent on the market with shares trading at 3.6 cents at 3:33 pm AEST

ReNu Energy (RNE) and its wholly-owned subsidiary Countrywide Renewable Hydrogen have begun designing a green hydrogen electrolysis production facility in Tasmania.

The Tasmania Brighton Project is set to be developed by Countrywide 30 minutes north of Hobart in Brighton and will be funded by ReNu.

The project has a planned capacity of between one to two megawatts (MW) per day and has the capacity to supply the TasGas Network Bridgewater city gate for potential blending with natural gas.

ReNu believes that once functional, the project will be able to service the growing demand for a zero-carbon gas alternative with the potential to supply the area with 100 per cent clean hydrogen.

The clean green hydrogen will provide electric vehicle developers with the opportunity to establish vehicle capability on key routes and offer gas transporters a decarbonisation option.

“The Brighton Hydrogen Project may prove to be the first mover in commercial production of green hydrogen by electrolysis in Tasmania,” Countrywide Managing Director Geoffrey Drucker commented.

“Associated gas blending and road transport trials will help to build public awareness and acceptance of hydrogen, while proven production is expected to attract further end-use applications to enhance emissions reduction priorities in the state.”

In an attempt to minimise the cost of electricity, the company said there is potential to invest in a solar farm to the north.

Tasmanian engineering consultancy Entura has been engaged to complete a pre-feasibility study on behind-the-meter power generation.

Subject to necessary approvals and finalising commercial arrangements, the project is expected to be online by the fourth quarter of 2023.

“With all the capabilities this project can provide, corporates can have access to a zero-emission alternative for supply chain logistics,” ReNu CEO Greg Watson said.

“The project complements advanced discussions with potential offtakers and partners to progress the planned 5-10MW Tasmanian green hydrogen project located in the Bell Bay Advanced Manufacturing Zone.”

ReNu was up 38.5 per cent on the market with shares trading at 3.6 cents at 3:33 pm AEST.

RNE by the numbers
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