RONN Inc. (OTC: RONN) Expands Global Capital Discussions as Hydrogen Momentum Builds

Rhea-AI Summary

RONN Inc. (OTC: RONN) has announced the exploration of new capital investments worth potentially $100 million from interested parties in Brazil and Korea. These discussions complement ongoing talks with major capital groups in Australia and Europe, alongside a $300 million loan guarantee filing with JV partner HES for proprietary electrolyzers and low-pressure storage systems.

The strategic initiative aims to enable RONN to produce up to 500 MWh of hydrogen, positioning the company to capture a share of the global hydrogen market, which analysts project could exceed $300 billion by 2030. The company is focusing on accelerating hydrogen adoption through government support and global partnerships.

Positive

• Potential $100 million in new capital investments from Brazil and Korea
• $300 million loan guarantee filing with JV partner HES
• Production capacity target of 500 MWh of hydrogen
• Multiple ongoing capital discussions across different global markets

Negative

• All capital investments and loan guarantees are still in discussion phase, not secured
• Significant capital requirements indicate substantial funding needs

SCOTTSDALE, AZ / ACCESS Newswire / January 29, 2025 / RONN Inc. (OTC PINK:RONN) is pleased to announce the exploration of two new capital investments-potentially totaling USD $100 million-from interested parties in Brazil and Korea. These discussions are in addition to the Company's ongoing talks with two major capital groups in Australia and Europe, as well as a $300 million loan guarantee filing with JV partner HES to secure proprietary electrolyzers and low-pressure storage systems.

This strategic push could equip RONN with the capacity to produce up to 500 MWh of hydrogen-a significant step toward capturing a share of a global hydrogen market that some analysts project may exceed USD $300 billion by 2030.

"Our pursuit of government support and global partnerships underscores our commitment to fast-track hydrogen adoption," said Mr. Ford, CEO of RONN. "We're building momentum for a cleaner, more resilient energy ecosystem by harnessing hydrogen's untapped potential-while delivering tangible value to our stakeholders."

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Such statements may include words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "project," and other similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, our ability to successfully secure funding, consummate joint ventures, meet manufacturing goals, and compete within the hydrogen market. RONN Inc. undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

About RONN Inc.
RONN Inc. (OTC PINK:RONN) is a forward-thinking energy company focused on hydrogen-based solutions that drive cleaner, more sustainable power. By aligning technology, strategic financing, and global partnerships, RONN seeks to unlock hydrogen's full potential and create shared value for investors, communities, and the environment.

For more information, visit www.ronnmotorgroup.com

Contact Information
Ronn Ford
CEO
ronn.ford@ronnmotorgroup.com

SOURCE: RONN

View the original press release on ACCESS Newswire

FAQ

How much potential capital investment is RONN (OTC: RONN) exploring in January 2025?

RONN is exploring potential capital investments totaling $100 million from interested parties in Brazil and Korea, along with a $300 million loan guarantee filing with HES.

What is RONN's (OTC: RONN) targeted hydrogen production capacity?

RONN aims to achieve a hydrogen production capacity of up to 500 MWh through its strategic initiatives.

What is the projected size of the global hydrogen market that RONN (OTC: RONN) is targeting?

According to analysts cited in the announcement, the global hydrogen market is projected to exceed $300 billion by 2030.

Which countries are involved in RONN's (OTC: RONN) current capital discussions as of January 2025?

RONN is in capital discussions with interested parties in Brazil, Korea, Australia, and Europe.