US Capital Global Facilitates Financing for CHARBONE's Expansion in North America
Key Ideas
  • US Capital Global, headquartered in San Francisco, advises and facilitates a USD 50 million project finance facility for CHARBONE's expansion of green hydrogen facilities in North America.
  • CHARBONE, the rare publicly traded pure-play green hydrogen company in North America, is focusing on modular production facilities targeting high purity hydrogen with pre-sold output agreements.
  • The financing milestone is a significant step in CHARBONE's growth strategy, enhancing revenue streams and market flexibility through strategic partnerships for distributing industrial gases.
  • True Green Capital Management, specialized in renewable energy infrastructure, expresses enthusiasm in financing CHARBONE's green energy initiative, highlighting the joint effort towards clean energy production.
CHARBONE HYDROGEN CORPORATION has secured a USD 50 million project finance facility for expanding their modular green hydrogen production facilities in North America. US Capital Global, based in San Francisco, acted as the lead advisor and facilitator for this financing. CHARBONE, headquartered in Montreal, is developing high-purity hydrogen production facilities with pre-sold output agreements. The signing of this project finance facility marks a crucial milestone in CHARBONE's long-term growth strategy, as expressed by their CFO, Benoit Veilleux. The company aims to capitalize on the growing demand for clean hydrogen solutions to decarbonize industrial users across North America. True Green Capital Management, a renewable energy infrastructure fund manager, is pleased to be financing CHARBONE and looks forward to collaborating on this renewable clean energy initiative. The partnership between US Capital Global and CHARBONE signifies a strong momentum in the green energy sector, with a focus on promoting sustainable practices and reducing carbon emissions. CHARBONE's approach of leveraging commercial partnerships for distributing industrial gases without the need for capital-intensive production facilities showcases their commitment to enhancing revenue streams and market flexibility in the green energy market.
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