Greenhy2 (ASX:H2G) said H2Core Systems has agreed to support the company in the Australian market to provide its technologies and other energy products, according to a Monday Australian bouse filing.
The company on Friday said it signed a contract with European technology supplier H2Core to provide storage technologies as part of its new ongoing series of technology negotiations.
It is not obliged to use H2Core Systems' products and the supply of technology is not contingent on the supply of their other technologies, according to the filing.
The subcontract with H2Core Systems for the technology supply component to Telstra (ASX:TLS) is about 350,000 euros and covers the supply of technology for long-term energy storage, a combination of up to four H2Core Technologies on the Telstra Microgrid and will be delivered progressively over the next six months, the filing added.
The company's shares plunged 25% in recent Monday trade.
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