Verdant Earth Technologies (formerly Hunter Energy) is an Australian-based green energy company that owns, develops, and operates renewable energy generation assets. Verdant has recently been featured in an article by Stockhead.

"Renewable energy developer Verdant Technologies is moving to position itself as the largest hydrogen producer on the East Coast of Australia and capitalise on a multi-trillion-dollar opportunity."

Verdant Earth Technologies is planning to list on a major global exchange in the first half of this year and has just kicked off a pre-IPO private placement of 12.5 million shares at 16c apiece to professional and sophisticated investors to add $2m to the coffers.

The cash will be used to accelerate critical path capital items, complete a pre-feasibility study (PFS) into the development of Australia’s first scalable hydrogen production plant, and fund network reconnection.

The article further highlights Verdant Earth Technologies' plans on being at the forefront of this multi-trillion-dollar opportunity. They recently acquired Monarch Hydrogen, which is well advanced in the planning of the hydrogen production plant. Verdant is conducting a feasibility study to locate the Monarch green hydrogen plant at its $550m biomass 151MW Redbank power station in the Hunter Valley, NSW:

"Redbank is currently Australia’s only generator with circulating fluidised bed technology (CFBT) recognised for its emissions control capability and proven ability to operate on 100 per cent biomass. Verdant Technologies is currently repurposing Redbank to operate solely on waste biomass with a restart to operations scheduled for the final quarter of 2021."

Upon restart, Redbank will be one of the largest green baseload renewable energy providers in NSW and the only existing facility capable of providing continuous green 24/7 power with net zero CO2 emissions, adding to grid stability.

Read the full Stockhead article here.

Read the full article on the opportunity to invest in Verdant Technologies here.

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