ReNu Energy Limited (ASX: RNE) (ReNu Energy) is pleased to announce the signing of an agreement between its wholly owned subsidiary Countrywide Hydrogen Pty Ltd (Countrywide) and WIRSOL Energy (WIRSOL) to assess co-development of behind-the-meter solar power and battery energy storage systems (BESS) at Countrywide's hydrogen projects in Tasmania. Countrywide is progressing two hydrogen projects in Tasmania, in the north and south of the State, with a view to establishing Tasmania as a showcase hydrogen state. Under the agreement WIRSOL will evaluate the potential project locations to scope solar and possible battery installations to provide Countrywide with energy for hydrogen production.

ReNu Energy Executive Director & Countrywide Managing Director Geoffrey Drucker said: With an established solar project development track record in Australia, we reached out to WIRSOL to determine their interest in co-developing behind-the-meter solar to hydrogen projects. We are excited they will be assessing the solar-to-hydrogen potential of our green hydrogen projects in Tasmania, with the potential to also determine whether it may be feasible to co-locate Countrywide hydrogen production facilities on WIRSOL's established solar farms throughout Australia.

WIRSOL Managing Director Mr Sigi Psutka said: We are delighted to partner with Countrywide and be conducting the initial assessments of the Countrywide projects in Tasmania. Our in-house team works to challenge the norm and be among the first in the field to integrate new technologies like onsite hydrogen production and trading to play our part in the ongoing and crucially important transition away from fossil energy sources

ReNu Energy CEO Greg Watson said:

With our green hydrogen project planned for Northern Tasmania, and recent announcements for our Southern Tasmania project along with the collaboration with Tas Gas, this agreement with WIRSOL allows us to assess options for the lowest cost of energy for hydrogen production at the project locations. This market announcement has been authorised for release to the ASX by the Chairman and Company Secretary. For more information, please contact

Contact:

Investors

Greg Watson

Chief Executive Officer

T: +61 7 3721 7500

Media

Geoffrey Drucker

Executive Director

T: +61 419 817 827

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