US Capital Global Advises on Facility for Charbone's Modular Green Hydrogen Expansion in North America
Key Ideas
- US Capital Global has secured up to $50 million in project finance for Charbone Hydrogen Corporation's expansion.
- Charbone is a rare publicly traded company focusing on the production and distribution of green hydrogen in North America.
- The financing will support Charbone's development of modular production facilities targeting high-purity hydrogen and strengthening key partnerships.
- The collaboration between US Capital Global and True Green Capital Management highlights the growing demand for clean hydrogen solutions in the energy sector.
US Capital Global has facilitated a project finance facility of up to $50 million for Charbone Hydrogen Corporation to support the expansion of its modular green hydrogen facilities in North America. Headquartered in Montreal, Charbone is a unique publicly traded company specializing in green hydrogen production and distribution. The financing, provided by True Green Capital Management, emphasizes Charbone's commitment to producing high-purity hydrogen with pre-sold agreements. The CEO of US Capital Global Securities expressed enthusiasm for Charbone's momentum in the clean energy sector. Charbone's CFO highlighted the importance of the financing for their long-term growth strategy. True Green Capital Management's Managing Director also expressed excitement for the joint renewable clean energy initiative. Charbone Hydrogen Corporation focuses on developing modular production facilities and establishing commercial partnerships for the distribution of hydrogen, helium, and other industrial gases. The company's approach aims to enhance revenue, reduce capital intensity, and increase flexibility. This collaboration showcases the positive outlook on green hydrogen solutions and renewable energy initiatives in North America.