RONN Inc Provides Update and Expounds on Recent Joint Venture Details
RONN Inc announces expansion of its Joint Venture with HES, targeting the development of hydrogen production hubs. Initial plans for 10 hubs have grown to potentially over 50 hydrogen systems. Each hub is designed to produce 1,000 kilograms of pure green hydrogen daily, with potential revenue of $5.47 million annually per hub at $15 per kilogram. The company is in discussions with a global manufacturer to produce HES's patented products and integrate RONN's logistic hydrogen vehicles. The global hydrogen market, valued at $242.7 billion in 2023, is projected to reach $410.6 billion by 2030.
RONN Inc annuncia l'espansione della sua Joint Venture con HES, mirando allo sviluppo di hub per la produzione di idrogeno. I piani iniziali per 10 hub sono aumentati a oltre 50 sistemi di idrogeno. Ogni hub è progettato per produrre 1.000 chilogrammi di idrogeno verde puro al giorno, con un potenziale fatturato di 5,47 milioni di dollari all'anno per hub a 15 dollari al chilogrammo. L'azienda è in trattative con un produttore globale per realizzare i prodotti brevettati di HES e integrare i veicoli logistici a idrogeno di RONN. Il mercato globale dell'idrogeno, valutato 242,7 miliardi di dollari nel 2023, si prevede raggiunga i 410,6 miliardi di dollari entro il 2030.
RONN Inc anuncia la expansión de su Joint Venture con HES, con el objetivo de desarrollar centros de producción de hidrógeno. Los planes iniciales para 10 centros han crecido a más de 50 sistemas de hidrógeno. Cada centro está diseñado para producir 1.000 kilogramos de hidrógeno verde puro diariamente, con un ingreso potencial de 5,47 millones de dólares anuales por centro a 15 dólares por kilogramo. La compañía está en conversaciones con un fabricante global para producir los productos patentados de HES e integrar los vehículos logísticos de hidrógeno de RONN. El mercado global de hidrógeno, valorado en 242,7 mil millones de dólares en 2023, se proyecta que alcanzará los 410,6 mil millones de dólares para 2030.
RONN Inc가 HES와의 합작 투자 확장을 발표하며, 수소 생산 허브 개발을 목표로 하고 있습니다. 초기 10개의 허브 계획이 50개 이상의 수소 시스템으로 성장했습니다. 각 허브는 매일 1,000킬로그램의 순수한 녹색 수소를 생산하도록 설계되었으며, 15달러의 가격으로 허브당 연간 547만 달러의 잠재적 수익을 예상합니다. 이 회사는 HES의 특허 제품을 생산하고 RONN의 물류 수소 차량을 통합하기 위해 글로벌 제조업체와 논의 중입니다. 2023년 수소 시장은 2,427억 달러로 평가되며, 2030년까지 4,106억 달러에 이를 것으로 예상됩니다.
RONN Inc annonce l'expansion de son Joint Venture avec HES, visant le développement de hubs de production d'hydrogène. Les plans initiaux pour 10 hubs ont évolué vers plus de 50 systèmes à hydrogène. Chaque hub est conçu pour produire 1.000 kilogrammes d'hydrogène vert pur par jour, avec un revenu potentiel de 5,47 millions de dollars par an par hub à 15 dollars le kilogramme. L'entreprise est en pourparlers avec un fabricant mondial pour produire les produits brevetés de HES et intégrer les véhicules logistiques à hydrogène de RONN. Le marché mondial de l'hydrogène, évalué à 242,7 milliards de dollars en 2023, devrait atteindre 410,6 milliards de dollars d'ici 2030.
RONN Inc kündigt die Expansion seines Joint Ventures mit HES an, mit dem Ziel, Wasserstoffproduktionszentren zu entwickeln. Die ursprünglichen Pläne für 10 Zentren haben sich auf über 50 Wasserstoffsysteme ausgeweitet. Jedes Zentrum soll täglich 1.000 Kilogramm reinen grünen Wasserstoff produzieren, mit einem potenziellen Jahresumsatz von 5,47 Millionen Dollar pro Zentrum zu einem Preis von 15 Dollar pro Kilogramm. Das Unternehmen führt Gespräche mit einem globalen Hersteller, um die patentierten Produkte von HES zu produzieren und die logistischen Wasserstofffahrzeuge von RONN zu integrieren. Der globale Wasserstoffmarkt, der 2023 auf 242,7 Milliarden Dollar geschätzt wurde, wird bis 2030 voraussichtlich 410,6 Milliarden Dollar erreichen.
- Potential annual revenue of $5.47M per hydrogen hub
- Expansion from 10 to 50+ planned hydrogen systems
- Partnership with global manufacturer for production
- Integration of logistics vehicles into operations
- Revenue projections based on assumptions and future market conditions
- Implementation timeline and costs not specified
SCOTTSDALE, AZ / ACCESSWIRE / October 29, 2024 / RONN INC. (OTC PINK:RONN) is excited to announce the significant growth prospects arising from its newly formed Joint Venture with HES.
Mr. Ronn Ford, CEO of RONN INC., recently revealed ongoing discussions aimed at establishing hydrogen production hubs utilizing HES's proprietary electrolyzers and storage systems. Initially targeting the development of ten hubs, these discussions have expanded to explore the establishment of over 50 hydrogen systems in the coming years. Mr. Ford expressed optimism about the negotiations, noting that RONN has been requested to submit a proposal regarding a potential share exchange for a portion of the project, which could enhance value for both organizations.
In addition to this, the HES Joint Venture has initiated discussions with a global manufacturer to produce their patented products, aiming to reduce costs and streamline the supply chain. The integration of RONN's logistic hydrogen vehicles into all ongoing talks and negotiations is also being prioritized.
Ronn Ford said, "The proposed hydrogen hubs are designed to produce 1,000 kilograms of pure green hydrogen daily. While these systems represent our entry-level offerings, they hold the potential for substantial revenue generation and are expandable in the future as demand. For instance, at an average projected price of
Market Size on a Global Scale
Revenue
In 2023, the global hydrogen market was valued at
Generation
In 2023, the global hydrogen generation market was valued at
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to, the success of RONN, Inc. initiatives in the hydrogen tax credit market. RONN, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contact Information
John Morgan
IR
jmorgan@ronnmotorgroup.com
SOURCE: Ronn Inc
View the original press release on accesswire.com
FAQ
What is the daily hydrogen production capacity of RONN's (RONN) planned hubs?
How much potential annual revenue could each RONN (RONN) hydrogen hub generate?
How many hydrogen systems is RONN (RONN) planning to establish?
