Lion Energy (LIO) pens a memorandum of understanding (MOU) with Censtar Group to explore opportunities for testing equipment for hydrogen filling stations in Australia
The MOU for an initial one-year term forms part of Lion’s stage two strategy which will see hydrogen experts analyse optimal electrolyser locations in Australia
Stage Two is anticipated to cost $500,000 from the company’s existing funds and is anticipated to be completed within six months
However, Lion has advised that there is no certainty a suitable hydrogen opportunity will be identified, and therefore the MOU is non-binding
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