Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) announced that it has engaged US Capital Global as a strategic financial advisor on a potential multi-million dollar financing.
The company noted that US Capital Global is a full-service global private financial group and a strong track record across corporate finance, asset management, and capital formation services.
US Capital Global senior vice president Lisa Terk said she was excited to support Charbone Hydrogen, noting the importance of green hydrogen in the clean energy transition.
“We take great pride in backing this company from my hometown of Montreal,” Terk said.
Charbone Hydrogen is committed to a 100% green hydrogen future, CEO Dave Gagnon highlighted.
“We have plans to develop modular green hydrogen plants across North America and have earmarked 16 projects in the US and Canada for this purpose, the first of which is expected to be production-ready in mid-2024,” Gagnon said.
“Our green hydrogen focus is a targeted response to the rising demand from industrial customers and manufacturers in the US and Canada. Our aim is to lead the charge in decarbonization by transforming existing industrial users from dirty hydrogen to green hydrogen.”
Charbone Hydrogen is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America.