(via TheNewswire)
Company Advances Plans for First Canadian
The offer remains confidential but specifies that CHARBONE,North America’s only publicly traded pure-play green hydrogen company, would sell 100% of its equity interests in the two hydro projects to an undisclosed renewable power producer for a combined valuation of
“The sale of these assets will provide the Company with additional, non-dilutive resources to help advance this year’s green hydrogen plant development portfolio, while also evaluating other opportunities to add further projects to an already active development roadmap,” said
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CHARBONE Hydrogen’s growth strategy is further outlined here.
CHARBONES’s unique approach to modular green hydrogen plant development is based on the group’s collective expertise in developing alternative energy solutions that align with municipal, state and federal agency goals to leverage renewable energy sources for a sustainable future. Site readiness, highway proximity, program scalability, accessibility to reliable and non-intermittent renewable energy resources, and project support from local utilities are all considered in the site selection process.
Investor interest is also growing, as the global push for sustainable energy solutions has propelled the green hydrogen market into the investor spotlight. With projections from industry analysts such as
“CHARBONE’s green hydrogen production strategy is in sync with policymakers’ desires to replace gray hydrogen with a clean, reliable, renewable alternative to hydrogen produced from fossil fuels,” Gagnon added.
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Canadian and US policymakers continue to introduce and prioritize environmental initiatives that promote and incentivize renewable energy consumption, carbon pricing, and the development of renewable technologies. The Canadian Government announced its CHITC (Clean Hydrogen Investment Tax Credit) that should see CHARBONE benefit from a refundable tax credit of up to 40%, depending on the carbon intensity of the hydrogen produced. Additionally, the
Amidst this North American energy transition, green hydrogen has emerged as both a potentially lucrative investment prospect as well as a versatile clean energy solution - especially with industrial and transport sectors aiming to replace conventional grey hydrogen. With a first-mover advantage,
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