80 Mile PLC, a company listed on the AIM, has announced an expansion of its investment in Hydrogen Valley, raising its stake to 49% and signing a significant agreement with Tecnoparco for the annual supply of 40,000 tonnes of biofuel. This initiative is a step towards reducing palm oil dependency and promoting sustainable energy solutions. The restructuring of terms and financing demonstrates a strategic approach to minimize shareholder dilution while solidifying the company's presence in renewable energy. Greenswitch, a Hydrogen Valley subsidiary, has also made strides by signing an MoU with Tecnoparco, a utility provider in Italy, to provide biofuel for its cogeneration units. This move not only aims to cut transport costs but also align Tecnoparco with more local and responsible energy sources. As part of its growth in sustainable energy, 80 Mile plans to further increase its stake in Hydrogen Valley, with the aim of reaching full ownership by 2026. Eric Sondergaard, the Managing Director of 80 Mile, emphasizes the significance of these collaborations, setting the stage for future endeavors in the bioenergy and renewable energy sectors, both in Italy and globally.