Fuel cell and global hydrogen solutions providing company Renewable Innovations Inc (OTCMKTS:REII) could well be an interesting company to follow at this point. The company has been in collaboration with the New Zealand office of AECOM, the international fuel cell suppliers.
On Monday, REII stock fell 15.79% to $0.8000 with more than 23.58K shares, compared to volume of 159.63K shares. The stock moved within a range of $0.7100 – 0.9500 after opening trade at $0.9500.
Renewable Innovations’ New Engineering Collaboration Prepares Emergency Generators for New Zealand
However, it should be noted that the company has also been collaborating with other hydrogen suppliers for the development of emergency generators for the New Zealand market. The Principal Electrical Engineer from AECOM, Kevin Hodges, spoke about the latest project as well. He noted that it was a one of a kind opportunity by way of which it could be possible to turn into a pioneer in the development of hydrogen generators in the New Zealand market.
He went on to note that AECOM was excited at the prospect of working with Renewable Innovations on this project and some of the other hydrogen partners in New Zealand.
Each hydrogen system would be fuelled by green energy produced in New Zealand and would be able to operate for as long as seven days with hydrogen cylinder packs which are easy to transport. It is now going to be interesting to see if the Renewable Innovations stock gains any attention among investors or not.