ReNu Energy's additional working capital secured from TNZ

ReNu Energy Limited (ASX: $RNE) has announced that Towards Net Zero, LLC (TNZ) will make a further investment of $250,000 in the company as a prepayment for $272,500 worth of shares. This investment will fully fund the second investment of $500,000 under the terms of the Investment Agreement, as originally announced on 23 October 2023. The proceeds will be utilized to fund progress of ReNu Energy's Tasmanian green hydrogen project and for general working capital requirements.

Executive Commentary on the TNZ Investment

We are pleased to have secured additional working capital from Towards Net Zero, LLC. This investment will enable us to continue the progress of our Tasmanian green hydrogen project and meet our general working capital requirements. We are committed to strategically driving the transition to a low carbon future and creating stakeholder value through our investments in renewable and clean energy technologies. This funding will further support our vision of being a leader in the renewable and clean energy sector in Australia, as we strive for a sustainable future and the production of green hydrogen for domestic use.

Summary of ReNu Energy's Announcement

ReNu Energy (ASX: $RNE) has successfully secured additional working capital from Towards Net Zero, LLC, with a further investment of $250,000. This investment fully funds the second investment of $500,000 under the terms of the Investment Agreement. The proceeds will be used to advance the Tasmanian green hydrogen project and meet general working capital requirements. ReNu Energy's vision of being a leader in the renewable and clean energy sector in Australia, striving for a sustainable future and producing green hydrogen for domestic use, is further supported by this investment.