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Ronn Inc. (OTC PINK:RONN), headquartered in Scottsdale, AZ, has announced a Memorandum of Understanding (MOU) securing a €100,000,000 investment for advancing hydrogen vehicle and hub projects. This commitment, facilitated by a Capital Management firm, aims to support Ronn's hydrogen fuel cell vehicle (HFCV) development and hydrogen hub projects globally.
The investment will be released in two tranches of €50 million each. The first tranche will directly fund Ronn's hydrogen truck development and First Nations hub project. The second tranche will target investments or acquisitions in complementary hydrogen companies and technologies.
Ronn CEO, Ronn Ford, emphasized the strategic importance of this investment amid global financial and political challenges, highlighting the potential for hydrogen to contribute to climate improvement and benefit shareholders and partners.
RONN, Inc. (OTC: RONN) signed a LOI with Hydrogen Horizons to form a joint venture aimed at enhancing hydrogen commercialization globally. The partnership involves incorporating H2H's patented technologies into RONN's FCEVs and hydrogen hub projects, potentially extending the range of hydrogen logistic vehicles. The collaboration seeks to expand within and beyond the Barbados project, opening doors for synergistic agreements.