Frontier Energy (ASX: FHE) focuses on advancing largest renewable energy project in Australia

Wed 22 May 24, 04:40 AM |

Image source: Eviart,shutterstock.com

Highlights

Australia-based Frontier Energy Ltd (ASX: FHE) is a renewable energy group. The ASX-listed company is developing an integrated solar and hydrogen production facility. The company is engaged in advancing its Bristol Springs Renewable Energy Project, situated in Western Australia. The company is yet to generate operating income.

In the financial year 2023, the company reported AUD 7.05 million of gains from the deconsolidation of Waroona Energy Inc. Meanwhile, its other income grew by 135.03% to AUD 292.85k, resulting in net profit of nearly AUD 2.07 million.

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