This morning.News:
ORIGINAL: CHARBONE Hydrogen Adds Operations and Market Development Bench Strength as Company Identifies New Targets for 2025 North American Green Hydrogen Expansion Plans
2024-07-11 07:26 ET - News Release
(via TheNewswire)
Brossard, Quebec – TheNewswire - July 11, 2024 – 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 pleased to provide an update on its 2025 North American market expansion efforts as the Company onboards a new Operations team member.
CHARBONE is pleased to welcome Mr. David Cheung Atkinson, P.Eng, MBA as a consultant to its operations team. A long-time energy colleague of the CHARBONE management team, David’s 25 years of experience in renewable energy spans micro-grid, wind, solar and energy storage projects, with a mix of project engineering, project development, permitting, financing and operations. David will work with Charbone’s COO to support the green hydrogen project deployments across the United States and Canada, while helping to execute renewable energy power purchase agreements (PPA’s), interconnection agreements (IA’s), and will manage the daily operations of CHARBONE’s remaining production assets on the renewable energy side of the business.
“David is a strong leader who brings tremendous complementary renewable energy experience to the Company team during this pivotal growth stage,” said Daniel Charette, Chief Operating Officer, CHARBONE Hydrogen. “In addition to US incentives, the Canadian Investment Tax Credits (ITCs) for clean hydrogen should provide CHARBONE with significant tax rebates on project costs of up to 40%. PPA’s will allow us to purchase clean and renewable electricity from the grid and access regulatory incentives, has we aim to tap into David’s experience here and in many other areas.”
With green hydrogen production poised to kick off later this year at its Sorel-Tracy, Quebec facility along with plans to introduce a second Detroit, Michigan area facility before year-end, CHARBONE is making moves to expand its workforce and enter new markets. The Company intends to target additional low-supply / high-potential markets including New York, Ontario, Pennsylvania, Illinois, Wisconsin and California. CHARBONE has also been invited to respond and propose projects in two different large-scale RFIs (Requests for Information). In total, CHARBONE plans to deliver 16 green hydrogen production facilities across North America by 2030.
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial and future mobility users, CHARBONE plans to scale and deliver green hydrogen production facilities in both the US and Canada by 2024, with an additional 14 facilities planned by 2030. CHARBONE is the only publicly traded pure-play green hydrogen company with common shares trading on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit www.charbone.com