Tempo Australia Ltd (AU:H2G) has released an update.
GreenHy2 Limited reported a decrease in cash on hand to $591K, while continuing to focus on its core Renewable Energy Strategy, particularly Solid State Hydrogen Storage Batteries. The company is advancing its business opportunities, targeting first sales in the first half of 2024, and recently announced a capital raise of approximately $630,000 to fund working capital and offer costs. Furthermore, GreenHy2 is in ongoing discussions for multi-unit trials with its solid-state storage solutions for various sectors, aiming to provide a safe, low-cost, and reliable power supply.
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