- Charbone Hydrogen (TSXV:CH) has announced it is refocusing its strategy towards green hydrogen instead of hydropower production
- The company’s priority is to complete its first flagship green hydrogen facility in Quebec
- Charbone’s purchase and sale agreement to acquire Tower Kleber Limited Partnership and Black River Limited Partnership has been terminated
- Shares of Charbone Hydrogen (TSXV:CH) are up 6.67 per cent to C$0.08 as of 9:30 a.m. ET
Charbone Hydrogen (TSXV:CH) is refocusing its efforts to green hydrogen, the company said on Friday.
In a news release, the company said it changing its development and deployment strategy to refocus all of its technical and financing resources from hydropower production to green hydrogen.
“Charbone is refocusing all effort and resources on hydrogen because the future is all about hydrogen!” Dave B. Gagnon, CEO of Charbone Hydrogen, said in a statement.
With its headquarters out of Brossard, Quebec, Charbone Hydrogen is a green hydrogen company focused on developing modular and expandable hydrogen facilities and regional hubs.
The company will be able to produce green dihydrogen molecules using reliable and sustainable energy.
Shares of Charbone Hydrogen are up 6.67 per cent to C$0.08 as of 9:30 a.m. ET.
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