CHARBONE Hydrogen and ABB Sign Agreement to Advance North American Green Hydrogen Production Facilities

CHARBONE Hydrogen and ABB Sign Agreement to Advance North American Green Hydrogen Production Facilities

(TheNewswire)

Charbone Hydrogen Corporation

Collaboration sets ABB as preferred supplier of modular and standard electrical substations, with future scope for automation solutions

Agreement will enable Charbone to progress green hydrogen production in both Canada and the United States

Supports the Québec government's 2030 energy roadmap to reduce consumption of petroleum products by one billion liters per year

Brossard, Quebec TheNewswire - March 13, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's only publicly traded pure-play green hydrogen company, is thrilled to announce the signing of a Memorandum of Understanding (MoU) agreement 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, providing a clean fuel source for existing hydrogen users and heavy industrial processes such as steelmaking, which currently use grey hydrogen as an energy source.

The MoU scope positions ABB as the preferred supplier for the design, engineering, fabrication, testing and supply of modular and standard electrical substations (eHouses) for the interconnection between production facilities and local utilities. ABB will support CHARBONE standardizing basic engineering for systems and components across its project portfolio, to increase energy efficiency and reliability. Future scope may also see ABB operate as the main automation, electrification and telecom contractor depending on project requirements .

Among the sites covered by the collaboration is CHARBONE's flagship Sorel-Tracy facility near Montreal in Québec, Canada. The facility is expected to be connected to the Hydro-Québec grid by the end of quarter two in 2025, using hydro electricity to power green hydrogen electrolyzers. The plant will create a blueprint for the design and engineering of modular and scalable equipment for other sites being developed by Charbone. The next project to get underway will be in the greater Detroit area in the USA, which is the manufacturing base for major automotive companies.

" This strategic collaboration with ABB is a strong and significant signal about our proposition for the North American green hydrogen market , " said Daniel Charette, Chief Operating Officer of CHARBONE . " With the Sorel-Tracy project moving quickly to on-site activities and the capabilities of plug and play modular approach to get production starting in a minimal number of weeks, Charbone will support the decarbonization of industry. "

Government du Québec has developed a localized Green Hydrogen and Bioenergy Strategy to support the deployment of hydrogen and bioenergy to power industrial sectors such as transportation, primary metals and chemicals. It identifies green hydrogen and bioenergy as having the potential to reduce Québec's consumption of petroleum products by nearly one billion liters a year by 2030. This could cut the region's greenhouse gas emissions by four megatons of carbon dioxide a year – the equivalent of removing 1.2 million gasoline-powered vehicles from the roads .

" Green hydrogen has an important role to play in the transition towards a low carbon energy future , " said Per Erik Holsten, President of ABB Energy Industries . " We are proud to collaborate with Charbone on its strategy to develop and grow green hydrogen production facilities across North America, enabling an important sector to scale and supporting industries to outrun leaner and cleaner. "

In addition to the MoU, Charbone will acquire ABB's Extended Operator Workplace (EOW) system for all the planned facilities and a main operator workplace to monitor all the facilities in North America from CHARBONE's headquarters. The EOWs – the first to be installed in green hydrogen production plants in North America – will enhance production and reduce downtime via 24/7 monitoring from local and remote-control centers.

Global hydrogen demand, largely concentrated in the refining and chemical sectors, reached 97 megatons (Mt) in 2023, representing an increase of 2.5 percent year on year. Low-emissions hydrogen production was less than 1 Mt, but it could reach 49 Mtpa by 2030 based on announced projects.

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 industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com .

About ABB

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com .

Forward-Looking Statements

This news release contains statements that are "forward-looking information" as defined under Canadian securities laws ("forward-looking statements"). These forward-looking statements are often identified by words such as "intends", "anticipates", "expects", "believes", "plans", "likely", or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Corporation's Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

Contact Charbone Hydrogen Corporation

Telephone: +1 450 678 7171

Email: ir@charbone.com

Copyright (c) 2025 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CH:CC
Charbone Hydrogen

Charbone Hydrogen Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Charbone Hydrogen (TSXV:CH)

Charbone Hydrogen


Keep reading...Show less

The only publicly listed green hydrogen player in Canada.

CHARBONE Hydrogen Signed a USD 50 Million Construction Capital Facility Term Sheet

CHARBONE Hydrogen Signed a USD 50 Million Construction Capital Facility Term Sheet

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - May 1, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specializing in green hydrogen production and distribution, is pleased to announce the signing, made earlier today, of a non-binding term sheet for up to USD 50 million construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene signe une entente de conditions pour une facilite de credit de construction de 50 millions USD

Charbone Hydrogene signe une entente de conditions pour une facilite de credit de construction de 50 millions USD

(TheNewswire)

Charbone Hydrogen Corporation

Brossard (Québec) TheNewswire - le 1 er mai 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer la signature, plus tôt dans la journée, d'une convention non contraignante portant sur un financement de construction d'un montant maximal de 50 millions de dollars US, avec un gestionnaire international de fonds d'infrastructures spécialisé dans les énergies renouvelables, pour une durée de six mois. De plus amples détails sur ce financement de projet seront communiqués dans les 30 prochains jours.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogen Announces 2024 Financial Results

Charbone Hydrogen Announces 2024 Financial Results

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Quebec TheNewswire - April 30, 2025 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the "Company" or "CHARBONE"), North America's sole publicly traded pure-play company specialized in green hydrogen production and distribution, today announces its financial and operating results for the year ending December 31, 2024, highlighted by a 15% year-over-year revenue increase and critical progress toward commencing green hydrogen production at its Sorel-Tracy facility in 2025.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene annonce les resultats financiers 2024

Charbone Hydrogene annonce les resultats financiers 2024

(TheNewswire)

Charbone Hydrogen Corporation

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

Charbone Hydrogene elargit son offre de produits grace a des ententes commerciales avec un producteur de gaz industriels americain de premier niveau

(TheNewswire)

Charbone Hydrogen Corporation

Brossard, Québec TheNewswire - le 31 mars 2025 - CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule compagnie d'Amérique du Nord cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert, a le plaisir d'annoncer l'exécution d'ententes d'approvisionnement avec un important producteur et distributeur américain de gaz industriels. La première entente permet à Charbone d'accéder à certains volumes d'hydrogène en anticipation de sa propre production. L a deuxième entente permettra en plus à Charbone d'élargir son offre de produits pour fournir à ses propres clients une variété d'autres gaz, tel que l'hélium et autres gaz industriels qui complémentent les produits d'hydrogène.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Westport Announces Lock-Up Agreements in Support of the Light-Duty Divestment Transaction

Westport Announces Lock-Up Agreements in Support of the Light-Duty Divestment Transaction

Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRT Nasdaq:WPRT), has entered into lock-up agreements with certain of its shareholders, executives and board members representing an aggregate of approximately 2.0 million shares, or 11.4% of the currently issued and outstanding shares, to vote in favour of the special resolution approving the sale of Westport Fuel Systems Italia S.r.l. (the " Lock-Up Agreements ").

"These Lock-Up Agreements are a significant vote of confidence in Westport's strategic direction and growth potential.  I am thankful to our key shareholders and our Board, for their continued support as we execute our plans to reduce the complexity of Westport's business and move forward focusing on providing affordable solutions for hard to decarbonize segments of the heavy-duty truck and industrial application, supported by a strengthened balance sheet," said Dan Sceli, Chief Executive Officer, Westport Fuel Systems."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Quarterly Activities/Appendix 4C Cash Flow Report

Quarterly Activities/Appendix 4C Cash Flow Report

IODM Ltd (IOD:AU) has announced Quarterly Activities/Appendix 4C Cash Flow Report

Download the PDF here.

Torrent Capital Grows Its Solana Treasury to 40,039 SOL

Torrent Capital Grows Its Solana Treasury to 40,039 SOL

Torrent Capital Ltd., (TSXV: TORR), ("Torrent") announces it has acquired an additional 13,657 Solana (SOL) tokens since March 4, 2025, when it provided its previous update on its Solana holdings. As of April 28, 2025, Torrent held a total of 40,039 SOL tokens, which are generating a yield from staking rewards.

Torrent plans to increase its investment and participation in the Solana ecosystem by accumulating SOL tokens and staking them to earn rewards. More details of Torrent's Solana thesis and digital asset strategy can be found on the Torrent website: https://torrentcapital.ca/crypto-and-blockchain/.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

AMD Announces Press Conference at Computex 2025

AMD (NASDAQ: AMD) today announced that it will be hosting a press conference during Computex 2025. The in-person and livestreamed press conference will take place on Wednesday, May 21, 2025, at 11 a.m. UTC+8, Taipei, at the Grand Hyatt, Taipei. The event will showcase the advancements AMD has driven with AI in gaming, PCs and professional workloads.

AMD senior vice president and general manager of the Computing and Graphics Group Jack Huynh, along with industry partners, will discuss how AMD is expanding its leadership across gaming, workstations, and AI PCs, and highlight the breadth of the company's high-performance computing and AI product portfolio.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Charbone Hydrogen

Charbone Hydrogen Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×