Hydrogen Technology Purchase Announcement Sends This MicroCap Skyward

By: Tomas Ronolski - AllPennyStocks.com News

Monday, December 30, 2024

Many stocks are trading lower in the penultimate trading session of 2024, but not this global zero-emission hydrogen fuel cell automaker.

RONN Inc. (OTC:RONN) announced in a press release today a $300 million purchase agreement with UK-based Hydrogen Horizons Inc., solidifying the firm's path toward a robust hydrogen corridor across Canada. The agreement states that RONN will acquire proprietary electrolyzers and low-pressure storage systems, equipping the company with up to 500 MWh of hydrogen production capacity.

RONN is a provider of research and development on various applications of H2H-patented products and patented storage solutions that could extend the range of hydrogen logistic vehicles. The firm was founded in 2013 and is a multinational zero-emission Hydrogen Fuel Cell Electric Automaker and sustainable hydrogen stationary company.

RONN continues to focus on scalable, clean energy solutions. By leveraging Hydrogen Horizons' innovative technology, RONN aims to support wide-ranging hydrogen applications in infrastructure and transportation, aligning with market trends forecasting significant growth in the hydrogen sector.

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