Renewable Energy Stock Greenlane Renewables Inc. (TSX: GRN) Gains Over 40% On Contract News


(MENAFN- Investor Ideas) Investorideas , a go-to platform for big investing ideas, including renewable energy Stocks reports on trading and news for Greenlane Renewables Inc. (TSX: GRN ) (FSE: 52G), a pioneer and leading specialist in biogas upgrading.

Greenlane is trending today on the TSX, currently trading at 0.1200, gaining 0.0350. up 41.18% on volume of over 2.2 Million shares as of this report.

Greenlane just announced that it has secured a $6.5 million contract to provide a new system for upgrading biogas produced at a landfill in Canada into pipeline-quality renewable natural gas ("RNG"). The customer's name and further contract details have not been disclosed at this time.

"We're seeing traction on the further build out of RNG-producing facilities in Canada and the acceleration of decarbonization through renewable energy infrastructure," said Brad Douville, CEO of Greenlane. "Beyond our commitment to decarbonization, we're deeply committed to our customers' success and are set to begin order fulfillment immediately."

Greenlane's biogas upgrading systems cleanse the impurities in biogas and separate the carbon dioxide from the biomethane to create a clean, high-purity low-carbon fuel: biomethane / RNG. Greenlane is the only biogas upgrading company offering and actively deploying multiple core technologies: water wash, pressure swing adsorption (PSA), membrane separation, plus proprietary desulfurization solutions.

Greenlane solutions are built around standard product platforms. Once operational, Greenlane can provide aftercare service including 24/7 technical support and remote monitoring, as well as maintenance and spare parts.

Recent news

Research more renewable energy stocks with Investorideas free stock directory

About Investorideas - Big Investing Ideas

Investorideas is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: Investorideas is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Learn more about publishing your news release and our other news services on the Investorideas newswire News-Upload/ Global investors must adhere to regulations of each country.

MENAFN12112024000142011025ID1108879711


Investor Ideas

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.