CHARBONE, a prominent player in the green hydrogen sector, is expanding its reach into white hydrogen to complement its growing network of production facilities. With a focus on clean energy solutions, CHARBONE is leveraging its expertise to support exploration companies and accelerate the deployment of hydrogen across North America.
The company plans to establish 16 strategically located facilities in Canada and the U.S. to streamline the production and distribution of hydrogen. This move positions CHARBONE as a key player in the clean hydrogen supply chain, offering innovative and efficient solutions to meet the increasing demand.
According to Dave Gagnon, the CEO of Charbone Hydrogen, “Charbone remains a leader in the green and clean hydrogen space, bringing unparalleled knowledge to the industrial market. While expanding our green hydrogen production capabilities, we are also exploring opportunities in white hydrogen to maximize shareholder value.”
The company’s green hydrogen production is set to commence later this year at its facility in Sorel-Tracy, Quebec, with plans for a second site near Detroit, Michigan. CHARBONE is actively expanding its workforce and targeting markets in New York, Ontario, Pennsylvania, Illinois, Wisconsin, and California. Additionally, the company has been invited to propose projects in two large-scale Requests for Information (RFIs) and aims to establish 16 green hydrogen production facilities across North America by 2030.
Capital Management Update
CHARBONE has finalized remuneration debt settlements totaling $180,000 involving key management personnel, including the CEO. Following Exchange approval and disinterested shareholder consent, 1.8 million Common Shares have been issued to settle the debt, subject to a four-month statutory hold period.
About Charbone Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for various industries. The company is the only publicly traded pure-play green hydrogen company, listed on the TSX Venture Exchange (TSXV: CH), OTC Markets (OTCQB: CHHYF), and Frankfurt Stock Exchange (FSE: K47). Learn more at www.charbone.com.
Forward-Looking Statements
This news release may contain forward-looking statements that reflect management’s expectations and estimates. While CHARBONE believes the expectations are reasonable, uncertainties and risks could cause actual results to differ. The company encourages caution when relying on forward-looking information and undertakes no obligation to update or revise it.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Copyright (c) 2024 TheNewswire – All rights reserved.