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Tlou Energy Ltd notified investors that it plans to start producing green hydrogen at the Lesedi project in Botswana in 2022 as part of its efforts to offer cleaner, greener power generation choices.
In a statement, the business provided an update on the project in which it is collaborating with hydrogen technology partner Synergen Met. The partners at Lesedi are attempting to manufacture green hydrogen by combining massive, existing natural gas reserves with copious solar energy.
According to the corporation, prototype engineering is going according to plan.
“”In terms of approvals and agreements to commercialize our gas, Tlou is well progressed,” stated Tlou managing director Tony Gilby. “We are about to enter a really exciting phase for our firm, with ongoing encouraging gas flows from Lesedi and the development of additional ways to monetize our gas.”
“We see the development of a mutually enjoyable and highly profitable relationship between Synergen Met and Tlou with the possibility for Synergen Met to grow alongside Tlou.””
Synergen Met is planning an initial public offering (IPO) in the next months, and Tlou has the option to participate in the capital round up to $3 million under its collaboration agreement.
Based on comparisons with similar listed firms, the AIM-listed natural resources company anticipates tremendous upside for a potential investment in Synergen Met. Furthermore, the partnership with the partner gives tremendous expansion potential and a new route to market for Tlou’s gas in Botswana, according to the company.
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