Latest news with #RONN
Associated Press
26-03-2025
- Business
- Associated Press
RONN Inc. Champions Hydrogen Power Over Nuclear Power To Address AI Data Center Energy Crisis
SCOTTSDALE, ARIZONA / ACCESS Newswire / March 26, 2025 / RONN, Inc (OTC PINK:RONN) As artificial intelligence (AI) and data centers voraciously consume electricity, the limitations of the current power grid have become glaringly evident. Projections indicate that global data center power demand is set to more than double by 2030. In response to this escalating crisis, RONN Inc. (OTC PINK:RONN) is intensifying its commitment to hydrogen power, offering a scalable and environmentally friendly solution to meet the burgeoning energy needs of AI-driven data centers. The Looming Energy Bottleneck The rapid expansion of AI technologies has led to an unprecedented surge in data center construction. However, this growth is outpacing the capacity of the existing power grid, resulting in significant delays for new data centers seeking electricity connections. In regions like the PJM grid area, wait times for power access can extend from five to seven years, severely hindering technological advancement and economic growth. Hydrogen: The Optimal Power Solution In light of these challenges, hydrogen fuel cells emerge as a superior alternative to traditional energy sources. Unlike nuclear power, which involves lengthy construction timelines and complex regulatory hurdles, hydrogen fuel cells can be deployed rapidly and offer a clean, efficient, and scalable energy solution. A 3-megawatt (MW) hydrogen fuel cell system, for example, can be housed within a few 40-foot containers and is capable of powering large data centers with zero emissions. This modular approach allows for incremental expansion in line with growing energy demands. Moreover, hydrogen boasts remarkable energy density. One kilogram of hydrogen contains approximately 120 megajoules of energy, surpassing the energy-to-weight ratio of conventional fuels. This efficiency enables data centers to operate for extended periods on relatively small fuel reserves, reducing both logistical complexities and environmental impact. Strategic Initiatives and Partnerships RONN Inc. is proactively establishing hydrogen hubs to support the energy transition for AI data centers. The company has identified initial pilot project sites in collaboration with First Nations partners in Canada, securing property allocated by local airport authorities for the development of sustainable green energy parks. Additionally, RONN Inc. is expanding its hydrogen initiatives to Barbados and South Korea, aligning with global efforts to promote clean energy solutions. Financial Implications and Market Potential The financial prospects of investing in hydrogen power are substantial. The global fuel cell generator market is projected to grow from an estimated $0.4 billion in 2023 to $2.1 billion by 2030, reflecting a compound annual growth rate (CAGR) of 25.4%. Similarly, the fuel cell for data center market is anticipated to reach $795.31 million by 2032, growing at a CAGR of 15.7%. These figures underscore the lucrative opportunities for stakeholders and investors in the hydrogen energy sector. Government Support and Policy Landscape Recent policy developments further bolster the case for hydrogen energy. For instance, Pennsylvania Governor Josh Shapiro has unveiled plans to fast-track the construction of power plants and provide substantial tax incentives for projects utilizing hydrogen. This initiative aims to enhance energy competitiveness and address potential electricity shortages. Such supportive policies are expected to accelerate the adoption of hydrogen technologies nationwide. Conclusion As the demand for AI and data center capabilities continues to escalate, the imperative for sustainable and scalable energy solutions becomes increasingly critical. RONN Inc. is at the forefront of this energy revolution, championing hydrogen power as the optimal solution to meet the challenges of today and the opportunities of tomorrow. Investors and stakeholders are invited to join RONN Inc. in driving this transformative shift towards a cleaner, more efficient energy future. About RONN Inc. RONN Inc. (OTC PINK:RONN) is a pioneering company dedicated to advancing hydrogen-based energy solutions. With a focus on sustainability and innovation, RONN Inc. is committed to addressing the world's growing energy needs through the development and deployment of hydrogen fuel technologies. Media Contact: Ronn Ford CEO This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected due to various factors, including market conditions, regulatory changes, and technological developments. RONN Inc. disclaims any obligation to update forward-looking statements as a result of new information, future events, or otherwise.
Associated Press
13-03-2025
- Automotive
- Associated Press
RONN Inc. Expands Hydrogen Vision as BMW's New Technology Accelerates the Hydrogen Revolution
SCOTTSDALE, ARIZONA / ACCESS Newswire / March 13, 2025 / RONN Inc. (OTC PINK:RONN) today announced plans to explore integrating BMW's latest hydrogen engine technology into its upcoming exotic hypercar, marking a significant move in the rapidly evolving hydrogen sector. BMW's recent breakthrough in hydrogen engines-along with its pivot beyond battery electric vehicles (EVs)-further validates hydrogen as a core energy source for the global transportation market. These developments align with RONN's broader hydrogen ambitions, including its First Nations partnerships for up to 10 hydrogen fuel hubs across Canada. Key Highlights BMW's Hydrogen Breakthrough BMW has confirmed it 'has now solved the problem of hydrogen engines' and intends to introduce hydrogen-powered models in the near future. This commitment signals the industry's accelerating focus on fuel cells beyond conventional EVs. RONN Inc. plans to evaluate BMW's hydrogen advancements for a new hypercar, a successor to its Scorpion hydrogen-hybrid supercar concept. Founder and CEO Ronn Ford aims to combine hydrogen fuel-cell technology with electric drive, targeting 1,000+ horsepower and a 500+ mile range, all while achieving zero emissions. Expanding Hydrogen Ecosystem RONN continues expanding its hydrogen initiatives through First Nations partnerships. The Company plans to build up to 10 hydrogen fuel hubs across Canada, leverage renewable wind and solar power for green hydrogen production, and develop modular hydrogen vehicle platforms, with prototypes scheduled for 2026. Hydrogen Poised as the Next Big Leap Industry experts increasingly view hydrogen fuel cells as the next frontier in sustainable mobility, offering fast refueling, extended driving ranges, and zero emissions. Governments worldwide are investing heavily in hydrogen infrastructure-underscoring a shift in global decarbonization strategies and opening up new opportunities for both established automakers and emerging innovators. BMW Shifts Gears: From EV Leader to Hydrogen Pioneer BMW's decision to incorporate hydrogen engines alongside its EV lineup represents a milestone for the auto industry. Beyond decades of research and pilot programs (such as the iX5 Hydrogen), the German automaker has teamed up with Toyota to develop next-generation fuel-cell powertrains, aiming for a production model by 2028. Industry analysts see BMW's investment in hydrogen as a meaningful endorsement, suggesting fuel cells have matured beyond niche experimentation and into practical commercialization. RONN Inc. Explores Collaboration with BMW By potentially integrating BMW's proven hydrogen engine technology, RONN Inc. seeks to accelerate the development of an exotic, high-performance hydrogen vehicle. This collaboration could help RONN mitigate technical and engineering risks while propelling the new hypercar's go-to-market timeline. Beyond the automotive realm, the partnership also complements RONN's broader hydrogen infrastructure endeavors-providing synergies for everything from vehicle design to fuel distribution. Shifting Landscape in Transportation A growing cohort of automakers, including Toyota and Hyundai, has continued to invest heavily in fuel-cell programs. As more governments incentivize hydrogen adoption, the global landscape is shifting-recasting hydrogen from a niche alternative into a central pillar of the zero-emission strategy. The convergence of this industry momentum bodes well for early movers like RONN, which seeks to capture rising demand across multiple segments, including supercars, commercial transport, and green energy production. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to planned projects, future operations, strategic initiatives, and growth projections. These statements are based on current expectations, estimates, and projections about the industry and markets in which RONN Inc. operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those indicated in such statements. These risks and uncertainties include, but are not limited to, the Company's ability to secure necessary financing, regulatory approvals, the success of future product and service offerings, and other risks detailed from time to time in the Company's most recent filings with the Securities and Exchange Commission. RONN Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. About RONN Inc. (OTC: RONN) RONN Inc. is a forward-leaning energy and technology company specializing in hydrogen-based solutions aimed at redefining mobility and infrastructure. Through strategic partnerships, such as its JV with Hydrogen Energy Solutions, RONN Inc. focuses on accelerating the global transition to sustainable energy while delivering value to shareholders and community stakeholders alike. CEO
Associated Press
10-03-2025
- Business
- Associated Press
RONN Inc. Identifies Initial Hydrogen Hub Location in First Nations Partnership
SCOTTSDALE, ARIZONA / ACCESS Newswire / March 10, 2025 / RONN Inc. (OTC PINK:RONN) today announced the selection of its first hydrogen hub pilot project site in collaboration with its First Nations partners. According to Ronn Ford, CEO of RONN Inc., the Company considered multiple locations on previous site visits and, after in-depth discussions, finalized property allocated by the local airport authority for the development of a sustainable green energy park. 'The property's strategic location and existing infrastructure make it ideal for hydrogen production and distribution,' said Mr. Ford. 'We also plan to incorporate a solar panel farm to power our hydrogen generation activities at a lower cost. In addition to serving local industrial and commercial needs, the site offers convenient access to ports, enabling global transport of hydrogen.' Under the pilot project, RONN Inc. will be responsible for the following: Design & Engineering, Project Management, and Reporting: Overseeing infrastructure development and ensuring best practices are upheld. Quotation Assessments & Sub-Contracting Decisions: Selecting appropriate technology and service providers. Financial Oversight: Handling project budgets and expenses, as well as consulting on financing. As part of the initiative, RONN has signed an agreement with IM-1Energy (a Scottsdale-based land developer) to manage site preparations. Additionally, RONN has secured a separate Memorandum of Understanding (MOU) for PEM electrolyzer purchases and patented low-pressure storage equipment, crucial for efficient hydrogen production and distribution. Extended Scope and Future Plans Through its Joint Venture (JV) with Hydrogen Energy Solutions (HES), RONN aims to explore agreements related to: Carbon Capture and Water Purification: Leveraging byproduct opportunities for sustainability. Renewable Energy Projects: Integrating solar and other green energy sources to power hydrogen production. International Sales: Developing channels for exporting hydrogen to Europe and beyond. Financing and Advisory: Providing expertise on foreign loans, grants, and consultancies to foster rapid development. HES is an established JV partner of RONN in patents and hydrogen ventures in South Korea and Brazil. The new location strengthens their collaborative focus on scalable, zero-emission infrastructure and aligns with increasing global demand for clean energy solutions. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to planned projects, future operations, strategic initiatives, and growth projections. These statements are based on current expectations, estimates, and projections about the industry and markets in which RONN Inc. operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from those indicated in such statements. These risks and uncertainties include, but are not limited to, the Company's ability to secure necessary financing, regulatory approvals, the success of future product and service offerings, and other risks detailed from time to time in the Company's most recent filings with the Securities and Exchange Commission. RONN Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. About RONN Inc. (OTC: RONN) RONN Inc. is a forward-leaning energy and technology company specializing in hydrogen-based solutions aimed at redefining mobility and infrastructure. Through strategic partnerships, such as its JV with Hydrogen Energy Solutions, RONN Inc. focuses on accelerating the global transition to sustainable energy while delivering value to shareholders and community stakeholders alike. CEO
