Green Energy Firm Makes Noise on Contracts

Green Energy Firm Makes Noise on Contracts

By: Tomas Ronolski - AllPennyStocks.com News

Monday, June 29, 2020

The renewable energy field is a wide one, with more companies pressing to get into the space, as an alternative to more conventional fossil fuels. 

Vancouver-based Greenlane Renewables Inc. (TSX-Venture: GRN) said its subsidiary has signed $20.6 million in new supply contracts using Greenlane’s Pressure Swing Adsorption biogas upgrading system. The first contract, worth $17.1 million, is for the supply of biogas upgrading and related equipment for a multi-location dairy farm cluster located in California. 

The second contract, worth $3.5 million, is part of the same cluster, however, is subject to final financing approval. The name of purchaser is being withheld at this time.

Said CEO Brad Douville, “This is a major contract win for us, representing over 185% of 2019’s revenue, for a showcase project in the California dairy industry that will meaningfully contribute toward the State’s greenhouse gas reduction targets. 

“This is Greenlane’s fourth and largest project to-date to upgrade biogas to high-quality RNG for injection into the California gas pipeline system.”

Shares in GRN added a nickel, or 12.8%, to 44 cents by midday Monday, on volume of 3.5 million shares. 


Copyright © 2020 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

A Treasure Trove of Uranium Being Sought by Junior Explorer
PowerBand Makes Waves
Therapix Stands out Among Losing Health-Care Sectors
Most Popular
FREE Newsletter


Back to Top