Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has inked a non-binding term sheet for a construction capital facility of up to $50 million with an international renewable energy infrastructure fund manager. The green hydrogen company said the agreement, which carries a six-month term, is aimed at supporting Charbone's deployment strategy across its production and distribution network in North America.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) saw its annual revenue rise 15% in 2024 as it progresses towards launching green hydrogen production at its Sorel-Tracy facility in 2025. Revenue climbed to C$325,753 for the year ended December 31, 2024, up from C$282,724 in 2023, driven by continued contributions from its Wolf River hydroelectric operations.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has entered into Commercial Supply Agreements with a Tier 1 US industrial gas producer and distributor. The first agreement provides Charbone with access to hydrogen supply ahead of its own production, ensuring availability for its customers.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has signed a Memorandum of Understanding (MoU) with ABB to collaborate on the development of up to 15 modular and scalable green hydrogen production facilities across North America over the next five years. The company said this MoU will position ABB as the preferred supplier of modular and standard electrical substations (eHouses) for connecting production facilities to local utilities.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has provided an update on the construction progress and interconnection with utility provider Hydro-Québec at its flagship green hydrogen project in Sorel-Tracy, Québec. The company announced that the installation of the interconnection power line, including the necessary cables and wires, has been completed according to schedule as of earlier this week.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has nominated Jean-Claude Gonneau to join its board of directors, with his election set for the company's upcoming Annual General and Extraordinary Meeting being held on March 28. The company said Gonneau brings more than 40 years of experience in investment banking and corporate strategy, having held leadership roles at firms including BNP Paribas, First Boston Corporation, and Duet Asset Management.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has received confirmation from Hydro-Quebec that its flagship Sorel-Tracey green hydrogen project will be officially connected to the grid on or before March 4, 2025. The company highlighted this milestone guarantees clean energy for the project to start producing green hydrogen.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) is gearing up for a pivotal year in 2025 with the production of green hydrogen from renewable energy sources set to begin soon at its flagship Sorel-Tracey facility in Quebec. “Production should be starting in about three months,” Charbone CFO Benoit Veilleux told Proactive.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has announced the appointment of Denis Crevier to its board. Crevier brings over 40 years of experience as an executive, corporate director, and senior advisor in the development, financing, and management of multisector infrastructure projects, the company said.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has closed a C$2.1 million (US$1.5 million) unsecured convertible debt tranche to support the construction of its first two green hydrogen production facilities in Sorel-Tracy, Quebec, and Detroit, Michigan. The Sorel-Tracy facility, set to begin operations in the coming weeks, will serve as Charbone's flagship site.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has closed the third and final tranche of its $1 million non-brokered private placement. This final tranche raised an additional $193,000 through the issuance of 3,850,000 units priced at $0.05 each.
Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has completed the second tranche of a $1 million fundraiser to accelerate completion of its flagship hydrogen production site. Some $0.163 million was raised through the second tranche, taking proceeds from the non-brokered private placement to $0.818 million so far, Charbone said on Tuesday.