US Capital Global Drives $50MM Funding to Boost Charbone Hydrogen Expansion
Key Ideas
  • US Capital Global Securities LLC facilitated a $50 million project finance facility for Charbone Hydrogen Corporation, focusing on green hydrogen production in North America.
  • Charbone is a publicly traded company targeting 99.999% purity hydrogen with pre-sold output agreements, positioning itself in the clean energy market.
  • The financing marks a pivotal step for Charbone's growth strategy, supported by US Capital Global and True Green Capital Management.
  • Executives from Charbone and TGC expressed gratitude and optimism for the collaboration and the future prospects of the renewable clean energy initiative.
US Capital Global Securities LLC, an SEC-registered broker-dealer division, has played a crucial role in securing a $50 million financing deal to accelerate the expansion of Charbone Hydrogen Corporation in North America. Charbone, headquartered in Montreal, is a distinguished hydrogen company solely focused on green hydrogen production and distribution. The company's innovative modular production facilities aim to deliver exceptionally pure hydrogen, targeting 99.999% purity, meeting the highest industry standards. These facilities have already secured offtake agreements, ensuring a steady market for their output. Charles Towle, CEO of US Capital Global Securities, highlighted the increasing demand for clean hydrogen solutions for energy grid decarbonization, which is driving Charbone's growth. The financing, managed by True Green Capital Management LLC, signifies a significant milestone for Charbone in executing its long-term growth strategy. Benoit Veilleux, the CFO of Charbone, expressed gratitude for the support and expertise provided by US Capital Global throughout the financing process. The collaborative effort between Charbone and TGC, as emphasized by Hervé Touati, Managing Director at TGC, illustrates a joint commitment to renewable clean energy initiatives. The positive sentiment surrounding this funding and expansion showcases a promising outlook for the hydrogen market, with Charbone at the forefront of driving sustainable energy solutions.
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