Charbone Hydrogen Corporation, a Quebec-based company, experienced a significant 15% increase in annual revenue in 2024, reaching C$325,753, compared to C$282,724 in 2023. This growth was attributed to contributions from the company's Wolf River hydroelectric operations. Despite facing a temporary reduction in service due to equipment failure, Charbone managed to trim its spending by 16% to C$2.47 million by refocusing activities and controlling administrative costs. The company has secured all necessary permits for its Sorel-Tracy plant and is expanding its electrolyzer capacity to 1.75 megawatts with plans for further expansion. Charbone also engaged in various financial activities, raising funds through private financings, warrant and option exercises, and debt settlements. Additionally, the company completed a C$2.1 million unsecured convertible note financing to support future growth. The CFO highlighted ongoing discussions with strategic partners to bolster Charbone's growth prospects. Following the positive financial report, investors reacted favorably, leading to a 9.1% increase in Charbone's shares. The company's progress towards green hydrogen production at the Sorel-Tracy facility and its strategic financial decisions indicate a promising outlook for its role in the North American green hydrogen network.