US Capital Global Facilitates $50M Financing for Charbone's Modular Green Hydrogen Expansion
Key Ideas
  • US Capital Global has secured a $50 million finance facility for Charbone Hydrogen Corporation to support their expansion of modular green hydrogen facilities in North America.
  • The financing, managed by True Green Capital Management LLC, aims to boost Charbone's production and distribution of green hydrogen, targeting high purity levels with pre-sold agreements.
  • Charbone's CFO, Benoit Veilleux, expressed gratitude for the support from US Capital Global, emphasizing the significance of this financing in the company's long-term growth strategy.
  • True Green Capital Management's Managing Director, Hervé Touati, highlighted the importance of collaboration in financing Charbone's renewable clean energy initiative, commending US Capital Global's role in the process.
US Capital Global Securities LLC, based in San Francisco, has played a crucial role in arranging a project finance facility of up to $50 million for Charbone Hydrogen Corporation, a notable North American green hydrogen company. The financing, facilitated by True Green Capital Management LLC, aims to fuel Charbone's efforts in developing modular green hydrogen production facilities with a focus on high purity levels and pre-sold agreements. Charbone Hydrogen Corporation, headquartered in Montreal, is a unique publicly traded company solely dedicated to producing and distributing green hydrogen in North America. With a strategic approach of developing modular production units and securing offtake agreements, Charbone is well-positioned to meet the increasing demand for clean hydrogen solutions in the energy sector. The sentiment surrounding this financing deal is positive, with key figures from both Charbone and True Green Capital Management expressing appreciation for US Capital Global's support and expertise throughout the process. Charbone's CFO highlighted the significance of this financing in executing the company's long-term growth strategy, emphasizing the role of US Capital Global in structuring the deal and engaging investors. Overall, this partnership between US Capital Global, Charbone Hydrogen Corporation, and True Green Capital Management reflects a collaborative effort to drive the expansion of renewable clean energy initiatives in North America, signaling a positive step towards decarbonizing the energy grid.
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