RONN Inc. (OTC:RONN) Stock On Watchlist After Exclusive Agreement with Net Zero LLC
There are plenty of investors who are regularly on the lookout for innovative and pioneering companies, and for good reason too, given the long-term possibilities. A company of that nature that could be followed is RONN Inc. (OTC:RONN).
The innovative technology company is involved in supplying sustainable fuel and transportation alternatives. Yesterday, the company was in the news cycle after it announced that it had taken a major step towards achieving carbon neutrality by way of a strategic agreement with the firm NetZero LLC.
As per the terms of the agreement between the two parties, NetZero would be responsible for the pre-sale, registration, and monetization of the environmental credit on RONN’s behalf. In the news release, the company noted that the space was an emerging one, but it had considerable long-term cash value if these credits followed the same path as the current one in the environmental credit market related to electric vehicles.
It remains to be seen if the RONN stock comes into focus among investors today following the key announcement. It was also noted that NASDAQ had announced that these hydrogen environmental credits would be traded in the future on its Marketplace Services Platform for Voluntary Carbon Markets and Registries.
As per the volume of carbon credits that had been registered for battery electric vehicles, experts had projected that the Hydrogen Projects space would help in generating billions of dollars in capital for firms like RONN. The generation of such capital would go a long way toward strengthening the decarbonization push. As per estimates from Bloomberg, Morgan Stanley, and Shell, the hydrogen carbon credit in the voluntary markets for 2023 had been pegged in the $1.7 billion and $2 billion ranges. By 2050, the proceeds had been projected to go up substantially and hit $250 billion, and the price per unit could go up to as much as $50.
