RONN has officially forged a new expanded memorandum of understanding (MoU) with Hydrogen Energy Systems Inc. (HES) with a specific focus initially on their patented low-pressure hydrogen (H₂) storage solutions, known as Hydra-Paks, and expanding to mutual third-party project collaboration.

The Hydra-Paks will be implemented into RONN's H₂ hub projects to provide turn-key, low-pressure green energy storage solutions for Canadian First Nations agreements already in place. The patents are also expected to be adapted into RONN's HFC Mid-Mile Logistic vehicles for an even more extended range.

The company stated that the success of this pilot project could pave the way for the widespread adoption of sustainable low-pressure H₂ technologies and foster global commitments to environmental consciousness in both mobile and stationary applications.

HES added that the patented low-pressure H₂ storage opens doors to applications where low-pressure storage would provide the key to success, such as schools, residential areas, airports, ships and transportation platforms.

In 2023, the U.S. H₂ energy storage market was estimated to be worth $3.17 B and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. The industrial segment led the market in 2023, accounting for 40.56% of revenue. The global H₂ energy storage market is also expected to grow from $11.4 B in 2023 to $196.8 B by 2028. Factors driving this growth include the demand for clean fuel, the transition to sustainable energy, and government efforts to reduce greenhouse gas emissions.