Charbone Hydrogen Corporation, based in Quebec, reported a 15% increase in annual revenue in 2024, totaling C$325,753, compared to C$282,724 in 2023. This growth was attributed to continued contributions from its Wolf River hydroelectric operations. Despite facing a temporary service reduction due to equipment failure, Charbone managed to decrease spending by 16% to C$2.47 million by refocusing activities and controlling costs. The company has obtained all required permits for its Sorel-Tracy facility, where upgrades to the electrolyzer capacity are ongoing for the planned green hydrogen production. Charbone also engaged in fundraising activities, including private financings, warrant and option exercises, and settling debts to support its expansion. Talks with strategic partners are progressing well to enhance Charbone's growth prospects.