US Capital Global Securities Facilitates $50 Million Project Finance for Charbone Hydrogen Corporation
Key Ideas
  • US Capital Global Securities acted as lead advisor on a $50 million project finance for Charbone Hydrogen Corporation, a leading green hydrogen producer in North America.
  • Charbone aims to produce 99.999% pure (Grade 5.0) hydrogen with all output pre-sold through tier-one offtake agreements, enhancing its revenue potential.
  • The financing, provided by True Green Capital Management LLC, will support Charbone's long-term growth strategy, focusing on clean hydrogen solutions to decarbonize the energy grid.
  • Key executives from US Capital Global and TGC expressed enthusiasm for this joint renewable clean energy initiative and praised Charbone's approach to industrial gases distribution.
US Capital Global Securities LLC has successfully facilitated a $50 million project finance facility for Charbone Hydrogen Corporation, a Montreal-based company specializing in the production and distribution of green hydrogen in North America. Charbone, a rare publicly traded pure-play hydrogen company, is committed to developing modular production facilities to produce high-purity hydrogen, meeting the increasing demand for clean energy solutions. The financing for this project was provided by True Green Capital Management LLC, a specialized renewable energy infrastructure fund manager. The CEO of US Capital Global Securities, Charles Towle, expressed pride in serving as the lead advisor for this transaction. Charbone's CFO, Benoit Veilleux, highlighted the importance of this financing in executing their long-term growth strategy. Additionally, Hervé Touati, Managing Director at TGC, emphasized the significance of financing Charbone and the potential for a successful collaboration in renewable clean energy initiatives. Charbone's unique approach of leveraging commercial partnerships to distribute hydrogen, helium, and other industrial gases sets it apart in the market. The article underscores the positive sentiment towards hydrogen as a clean energy source and the importance of such investments in driving the transition to a decarbonized energy grid.
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