Proactive - Interviews for investors podcast

Charbone Hydrogen secures $50m facility to fund North American green hydrogen rollout

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Charbone Hydrogen Corp CFO Benoit Veilleux talked with Proactive's Stephen Gunnion about a newly signed non-binding term sheet for a $50 million construction capital facility. This agreement is expected to support the first phase of Charbone’s clean hydrogen production rollout across North America, enabling the company to deploy between five and ten projects from its pipeline of sixteen planned sites. Veilleux highlighted that this facility represents a milestone for the company, saying, "That's an amazing use for Charbone, a great milestone that will allow Charbone to execute on 5 to 10 of the first phase of our locations." He emphasized the importance of working with a financing group that believes in Charbone's decentralized production model and clean energy mission. The company intends to install a new electrolyzer every three to six months as part of its deployment strategy. Among the first sites nearing production is the Sorel-Tracy project in Québec, which is expected to come online in approximately two months. A Michigan-based project and others in both Canada and the United States are also advancing. Veilleux noted that the facility will allow Charbone to invest between $5 million and $10 million per project as part of the broader $50 million commitment. For more updates like this, visit Proactive's YouTube channel. Don’t forget to like the video, subscribe, and enable notifications to stay informed. #CharboneHydrogen #GreenHydrogen #HydrogenEnergy #CleanEnergy #HydrogenProduction #RenewableEnergy #CFOInterview #EnergyTransition #HydrogenProjects #SustainableEnergy

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