- Charbone Hydrogen Corporation (CH) has signed a letter of intent to purchase proton exchange membrane (PEM) electrolysers from Elogen SAS
- Charbone is a Canadian green hydrogen group with operations in North America
- The PEM electrolysers can be used for hydrogen fuel and energy storage systems
- Negotiations so far include PEM electrolysers for up to 100 megawatts over four years
- The companies stated they are hoping to finalize the details by November 30th
- Charbone Hydrogen Corporation (CH) is down 1.82 per cent trading at $0.27 per share as of 1:32 p.m. ET
Charbone Hydrogen Corporation (CH) has signed a letter of intent to purchase proton exchange membrane (PEM) electrolysers from Elogen SAS.
Charbone is a Canadian green hydrogen group with operations in North America. The PEM electrolysers can be used for splitting hydrogen and oxygen, which help produce hydrogen fuel and energy storage systems.
“The combined strengths of Elogen in membrane technologies with multiple patents, and the engineering, manufacturing, and servicing expertise make the offered products a reliable… into the decarbonization of the Canadian and North American economy,” Dave Gagnon, CEO and Chairman of Charbone, said.
The negotiations so far include PEM electrolysers for up to 100 megawatts over four years under a definitive multi-year master supply agreement.
Under the letter of intent, the parties will negotiate final delivery dates, models, quantities, and prices of the PEM electrolysers to be delivered. The companies stated they are hoping to finalize the details by November 30th.
The PEM electrolysers will include a mix of the full range of products for all of Charbone’s North American green hydrogen projects.
Moreover, the letter of intent gives Charbone the option of locally assembling and manufacturing in Canada and the U.S. the PEM electrolysers and other components under Elogen’s supervision.
“We look forward to our collaboration with Charbone, an innovation-driven company, with a strong vision on green hydrogen production and a focus on developing green hydrogen ecosystems, from renewable energy to production, from regional hubs to end-users,’ Jean-Baptiste Choimet, Managing Director at Elogen, said.
Charbone Hydrogen Corporation (CH) is down 1.82 per cent trading at $0.27 per share as of 1:32 p.m. ET.