RNE - ReNu Energy

[SuperGlue]

Re: GDY - Geodynamics Limited

Geodynamics Ltd. (GDY), an explorer seeking to produce power from hot underground rocks, said Santos Ltd. (STO) and Chevron Corp. (CVX), developers of shale gas projects in central Australia, are interested in becoming customers.

“Those discussions have commenced,” Geoff Ward, chief executive officer of Brisbane-based Geodynamics, said today in a phone interview. “I’ve spoken to those operators, and they are very positive about acting as initial customers for us. They see the interest in this as a long-term supply resource.”

Geodynamics expects to sign a customer in six months to 12 months, Ward said. The company is also planning to apply for funding from Australia’s A$10 billion ($9.3 billion) Clean Energy Finance Corp. and looking for a new partner after Origin Energy Ltd. (ORG) withdrew from a joint venture this year, he said.


Link:
http://www.bloomberg.com/news/2013-...-talks-to-supply-power-to-chevron-santos.html


A little speck of light at the end of tunnel.............

 

[thirstcrusher]

Re: GDY - Geodynamics Limited

anyone still holding GDY?

 

[thirstcrusher]

Re: GDY - Geodynamics Limited

Is something happening with this stock? Seemed suss today when it dropped to 7.9c then went back up to 8.5c before dropping again sometime later and picking up again. Are they signing Santos or any other big firm or is it just talk?

 

[polpak]

Re: GDY - Geodynamics Limited

GDY_20140130_December 2013 Quarterly Activities Report

Interesting reading.



-------Extracts--->:

# Geodynamics continued its engagement with the Solomon Islands Electricity Authority to progress electricity supply and power purchase agreements.

# KUTh shareholder acceptances of Geodynamics’ Takeover Offer passed the 90% level. Post the quarter, Geodynamics successfully completed the compulsory acquisition of all outstanding shares to hold 100% of KUTh Energy Limited. The acquisition of KUTh aligns with Geodynamics’ strategy to develop a portfolio of high quality, small-medium scale, conventional (“volcanic-hosted”) geothermal projects initially targeting the Pacific Islands region, capable of providing nearer term revenues to shareholders.

# The Company’s cash position at the end of the quarter stood at $ 33.8 million.


# ... As we have stressed a number of times, our ability to continue the development of the Habanero resource is dependent on securing a viable customer for the project. With the completion of the trial and FDP we will seek to bring these discussions to a positive agreement. ...

# ... It was also encouraging to receive the news from the Solomon Islands Government, that the Project had been
recognised as an “Infrastructure Project of National Importance”. This emphasises the vital role our project can play in
providing the Solomon Islands sustainable, reliable power at reduced end user prices, and lays good foundations for
our ongoing engagement with the Solomon Islands Electricity Authority on a customer agreement. We look forward
to progressing commercial discussions with the Government of Solomon Islands and the Solomon Islands Electrical
Authority to secure the customer contracts necessary to commence our exploration drilling in the coming months. ...


<-------END Extracts-----





---Following---MY Comments-->:



31 Jan 2014 announced that GDY received a R&D Tax Incentive refund of $8.5 million, under the Federal Government’s R&D Tax Incentive Scheme, while anticipated still nice to receive.

Not sure IF the $8.5 million was counted or not, in the $33.8 million funds available in 30 Jan 2014 report, so may add to cash reserves.



Admit not expect a lot in near future with Habanero.

BTW this change IF Santos or another "interested party" signs a firm agreement for Habanero to actually supply power.

Without an agreement funding Habanero the supply is IMHO not likely in immediate future.

Add that alternate energy is not favoured politically at moment, so actual production action IMHO required to change sentiments.




Solomon Islands appears to be shallow, so geothermal prospects similar to New Zealand or Birdsville.

Solomon Islands need power, diesel costs open to challenge from shallow geothermal, switching to gas not so attractive paying world prices, so for Solomon's GDY may be able to move into generation, with fewer technical difficulties.

Experienced in New Zealand geothermal power supply, feel more comfortable IF OriginEnergy was available to assist post-drilling, as production partner/manager, given critical for GDY to be successful and achieve generation and supply.


GDY may with serious Solomon's agreements signed achieve symbolic production start FYE2015 from which interest will certainly rise...



KEEP WATCH for GDY securing Solomon's power purchase agreement.




Status: Watch, possibility some short term trading opportunities to increase holdings...



.

 

[Smurf1976]

Re: GDY - Geodynamics Limited

Whilst GDY is a geothermal company, the end product is electricity.

Cheap sources of electricity, under normal circumstances, are coal, hydro and in some cases gas. Notable in that context is that once built, hydro costs practically nothing to operate and in most cases coal is also very cheap. Gas costs more to operate but is cheaper (than coal or hydro) to build.

Anything else tends to cost considerably more and that is especially so in the case of anything based on oil which is by far the most expensive of the common methods of power generation (to the point that oil generally isn't used in any place that has coal, gas or hydro available).

Even without the cost of transporting the fuel to the power station, oil at USD100 per barrel produces electricity at a cost of over $200 per MWh for fuel alone in a typical power station. Adding in non-fuel costs and transport makes it even higher. In contrast, excluding carbon tax the total cost of power from coal using non-export grade coal is around $40 per MWh (give or take a bit) with the fuel cost being even lower. Even at the export price, coal is still a lot cheaper than oil.

For renewables, the cost is site specific but in the context of a large grid it's sold at the same bulk price as power from other sources. Eg a hydro, geothermal etc plant in the main grid has to compete against coal and gas and pricing is determined accordingly without any real regard to actual costs.

So there's an obvious attraction to the development of geothermal for supplying power to a location that otherwise depends on oil (diesel, fuel oil etc) rather than competing against established coal, gas or hydro in a major grid. If geothermal costs, say, $100 per MWh then that's not competitive against coal but it sure is cheap compared to diesel.

So in short, they're on the right track to be developing geothermal in a place that otherwise relies on oil for power generation. At least they are as long as the oil price doesn't crash in a big way. Similar economics for wind etc - competing against expensive diesel is a lot easier than competing against cheap coal etc.

 

[polpak]

Re: GDY - Geodynamics Limited

Yes, add for interest items our CWE Carnegie Wave Energy, which may also be useful ;-)

So in short, they're on the right track to be developing geothermal in a place that otherwise relies on oil for power generation. At least they are as long as the oil price doesn't crash in a big way. Similar economics for wind etc - competing against expensive diesel is a lot easier than competing against cheap coal etc.

 

[System]

On November 30th, 2016, Geodynamics Limited (GDY) changed its name and ASX code to ReNu Energy Limited (RNE).

 

[frugal.rock]

Might be a bit late on this?
Got no idea what's been pushing it along.
Volumes and liquidity look a bit ordinary though.

 

[Dona Ferentes]

Got no idea what's been pushing it along.

@frugal.rock ... there are enough buzzwords to get us to the moon. Current Market Cap is $10mill

(I feel a Cap Raise coming on)

September 2021 Quarterly Activities Report

Highlights
• Advancing as a renewable and clean energy incubator/accelerator – ReNu Energy has a defined strategy and key investment criteria to drive growth.
• First investment completed in July 2021, with Second announced in September 2021.
• Advanced discussions for a Third strategic investment in the Green Hydrogen sector are progressing favourably.
• ReNu Energy continues to pursue additional investments, including opportunities in the battery technology sector.
• $250,000 first tranche investment in Enosi Australia Pty Ltd completed, providing exposure to a new class of Energy-as-a-Service (EaaS) technology.
• Enosi's share register includes Mirvac Ventures, who propose to deploy Enosi’s Powertracer product on renewable energy projects over the coming months.

 

[frugal.rock]

there are enough buzzwords to get us to the moon. Current Market Cap is $10mill

Buzz buzz.
Non market sensitive announcement, apparently.
Did someone say "hydrogen"?
Just don't mention the Hindenburg...

 

[Dona Ferentes]

more
ReNu Energy to Acquire 100% of Countrywide Renewable Hydrogen Limited

Highlights
• Share Purchase Agreement signed to acquire 100% of Countrywide Renewable Hydrogen (CRH) through the issue of 134,659,520 fully paid ordinary shares at $0.0688 each.
• CRH is an Australian company that originates Green Hydrogen projects to develop them in collaboration with project partners and governments.
• Transaction provides access to the growing Green Hydrogen industry through three Australian onshore Green Hydrogen opportunities under initiation with state governments and large partners.
• CRH also has a pipeline of opportunities in Canada and the USA.
• CRH targets domestic supply with a view to expand projects for future export demand.

 

[Sean K]

Is there any substance to this thing or is it just jumping on a bandwagon that will never realise any project of significance that actually makes money?

 

[Dona Ferentes]

Is there any substance to this thing or is it just jumping on a bandwagon that will never realise any project of significance that actually makes money?

Dunno. It has moved up from 14c when Countrywide was mentioned (Nov) to 34c today.

02 Feb:
• ... the Australian Government, through Export Finance Australia (EFA), has conditionally approved an A$185 million loan facility to support the development of the Siviour Graphite Project in South Australia.
• This loan is approved under the Australian Government’s $2 billion Critical Minerals Facility, which was established in September 2021 to assist the development of Australian critical minerals projects and to secure the vital supplies of resources needed to drive the new energy economy and support the resources jobs of the future.

•

 

[Sean K]

Dunno. It has moved up from 14c when Countrywide was mentioned (Nov) to 34c today.

02 Feb:
• ... the Australian Government, through Export Finance Australia (EFA), has conditionally approved an A$185 million loan facility to support the development of the Siviour Graphite Project in South Australia.
• This loan is approved under the Australian Government’s $2 billion Critical Minerals Facility, which was established in September 2021 to assist the development of Australian critical minerals projects and to secure the vital supplies of resources needed to drive the new energy economy and support the resources jobs of the future.

•

So, they could be in line for plenty of subsidies/grants for their projects and not need to keep asking the market for $$ I take it.

When I read 'incubator/accelerator' I thought they had some tech like a Large Hadron Collider that was going to split an atom to create hydrogen and then incubate it into fuel.

 

[Sean K]

I'm not sure if this announcement warrants the response. Huh?

 

[basilio]

ReNu released an April Activty report that highlighted the range of Hydrogen projects they are developing. It seems they have lined up $100m in investment funds from Hesta. One assumes these will only be forthcoming when a particular project is costed and approved .

The recent Federal Budget announcement of $2B to support clean Hydrogen development could be significant kicker to their progress

28 April 2023
March 2023 Quarterly Activities Report
Highlights
Green Hydrogen
• Green hydrogen projects on track to deliver “firsts” in Tasmania – planned distributed
hydrogen network for road transport and natural gas decarbonisation with multi offtake
ecosystem.

• Strong green hydrogen progress for Tasmanian projects – Final Investment Decision
planned during 2023.

• Preferred equipment and technology suppliers identified – 5MW electrolysers and
hydrogen fuelling stations.

• Project presentation to Tasmanian Premier and Minister for Energy – aligning projects
with Tasmanian Renewable Hydrogen Action Plan.

• Grant funding options being pursued with Deloitte and project partners – Advancing
Renewables, Future Fuels and other programs.

• HESTA definitive documentation nearing completion – to supersede Term Sheet for coinvestment
of up to $100m in green hydrogen projects.

Investee Companies
• Portfolio of investments in Australian renewable and clean energy ingenuity increases to 5
with investment of up to $1m in revenue generating battery casing technology
company Vaulta for an interest of up to 20%.

• Vaulta investment gains exposure to technology solution needed to reduce the creation
of battery waste – battery casing tech with no-weld design and modules that can be easily
assembled and disassembled, cells replaced, reused and recycled.

• Enosi and Allegro awarded grant funding of $1.0m and $500,000 respectively to progress
their clean energy solutions. Enosi funds to fast track UK and European expansion as
regulators look to require time and location matching of renewable energy supply.

• Enosi one of two winners in Plenitude’s Call for Innovation Award – Plenitude and Enosi
to collaborate on ways to integrate Powertracer into Plenitude’s business model.

• Allegro Co-founder and CEO, Thomas Nann, included in The Australian’s list of 100 Green
Power Players.
• Uniflow’s Cobber application in micro economic development demonstrated to members
of the Canberra diplomatic community.

Quarterly Activities/Appendix 4C Cash Flow Report