delerious1
2 weeks ago
CHARBONE Hydrogen Initiates Discussion with Natural Hydrogen Exploration Companies, is Reviewing and Exploring the Potential to Create an Added-Value
V.CH | 11 hours ago
(TheNewswire)
Charbone Hydrogen Corporation
Brossard, Quebec – TheNewswire - September 18, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is thrilled to announce its receipt of multiple partnership proposals from natural hydrogen exploration companies. These proposals position CHARBONE as a co-operator and distributor of this emerging form of clean and renewable hydrogen, known as “white hydrogen”.
Having long focused on green hydrogen projects, CHARBONE is now exploring to deepen its involvement in white hydrogen, to complement its future network of production facilities. By leveraging its extensive expertise in the hydrogen market, CHARBONE is poised to support exploration companies with services that will help accelerate the deployment of clean hydrogen across North America.
With a future network of at least 16 strategically located facilities throughout Canada and the U.S., CHARBONE will streamline the process of receiving, purifying, compressing, and distributing hydrogen to meet the growing demand. This capability allows CHARBONE to be a key player in the clean hydrogen supply chain, offering solutions that drive both innovation and efficiency.
“Charbone remains a leader in the green and clean hydrogen space, bringing unparalleled knowledge to the industrial market,” said Dave Gagnon, Chief Executive Officer and Chairman of the Board, CHARBONE Hydrogen. “While we continue to expand our green hydrogen production capabilities as well as our surrounding ecosystem, we are also exploring other clean hydrogen sources, such as white hydrogen. Our future initial investment in this area will be measured, but as we gain confidence in its potential, we will scale up to maximize shareholder value.”
CHARBONE’s green hydrogen production is set to begin later this year at its Sorel-Tracy, Quebec facility, with plans to launch a second site near Detroit, Michigan by year-end. The Company is also actively expanding its workforce and targeting additional high-potential markets, including New York, Ontario, Pennsylvania, Illinois, Wisconsin, and California. Additionally, CHARBONE has been invited to propose projects in two large-scale Requests for Information (RFIs). By 2030, the Company aims to establish 16 green hydrogen production facilities across North America.
Capital Management Update
In line with previous announcements on November 17, 2023, and July 24, 2024, CHARBONE has finalized remuneration debt settlements totaling $180,000 involving key management personnel, including the CEO. Following Exchange approval and disinterested shareholder consent on December 19, 2023, 1.8 million Common Shares have been issued to settle the debt. These shares are subject to a four-month statutory hold period.
About CHARBONE Hydrogen Corporation
CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). Learn more at www.charbone.com.
delerious1
1 month ago
Federal government signs agreement with Germany to sell Canadian hydrogen
Trade deal comes despite lack of approval for World Energy GH2's proposed wind-to-hydrogen project
William Ping · CBC News · Posted: Mar 18, 2024 5:02 AM EDT | Last Updated: March 18
A memorandum of understanding signed in Germany on Monday positions hydrogen produced in Canada as a priority product for Germany. (CBC)
Canada and Germany have signed a memorandum of understanding to establish a trade program to sell hydrogen produced in Canada, including proposed projects in Newfoundland and Labrador, and Nova Scotia.
Federal Energy and Natural Resources Minister Jonathan Wilkinson said the agreement is "historic."
"It is a huge step forward and it is something that I think people in Newfoundland and Labrador can be enormously optimistic about in terms of the creation of jobs and prosperity," Wilkinson told CBC News on Sunday.
According to a press release from Natural Resources Canada, the memorandum, signed Monday, accelerates the hydrogen trade between Germany and Canada, with exports beginning as early as next year.
Canada has seen only two projects — Everwind and Bear Head Energy's respective Point Tupper plants in Nova Scotia — pass environmental assessment so far, although those projects still have to clear assessments for the wind farms that will power it.
The next closest is the World Energy GH2's proposed wind-to-hydrogen project on the Port au Port Peninsula in Newfoundland, which is still awaiting approval under the province's environmental assessment process.
That process will be respected, said Wilkinson, despite the memorandum. He said these types of deals need to be struck ahead of time so companies can safely invest in new industries, such as the hydrogen trade.
"Of course, World Energy and other proponents in Newfoundland and Labrador will have to go through the environmental assessment process," Wilkinson said. "They will have to ensure that they address concerns around impacts on the environment and on community concerns. But certainly we are creating a frame where we believe that projects once they proceed through that, assuming they do, can actually be commercially viable."
A man in a suit and glasses.
Energy and Natural Resources Minister Jonathan Wilkinson says the memorandum will lead to prosperity in Newfoundland and Labrador. (Sean Kilpatrick/The Canadian Press)
Under the memorandum, Germany's H2Global Foundation will support commercial transactions between Canada's hydrogen producers and Germany's industrial manufacturing and energy distribution sectors. It is being signed by both Wilkinson and the German Vice-Chancellor Robert Habeck in Hamburg at the Canada-Germany Hydrogen and Ammonia Producer-Offtaker Conference.
Indigenous representatives are also said to be present for the signing, including former Miawpukek First Nation chief Mi'sel Joe and Qalipu First Nation Chief Jenny Brake. Joe, who recently retired as administrative chief in his community, is a strategic adviser for World Energy GH2.
Feds tout potential economic impact
The statement, from Energy and Natural Resources spokesperson Carolyn Svonkin, says Atlantic Canada's hydrogen proponents are internationally competitive and "well positioned to move forward on export opportunities."
"They will use Atlantic Canada's abundant and untapped wind resources and immediate proximity to Atlantic shipping routes to become reliable suppliers of new clean energy exports globally."
According to the statement the government of Newfoundland and Labrador estimates that the four projects selected to move forward in the Crown land bidding process will have an overall economic impact on gross domestic product of $206 billion, create $11.7 billion in provincial revenue to the province of $11.7 billion, and employ 11,694 full-time equivalents at peak construction.
Wilkinson said the work on the memorandum began in 2022, when German Chancellor Olaf Scholz and Prime Minister Justin Trudeau signed a hydrogen agreement in Stephenville.
"We have been working very actively over the course of the past year and a half," Wilkinson said. "We have come to an understanding as to how we're going to structure a window that will match companies that actually want to purchase green hydrogen in Germany with people who are going to produce the hydrogen in Nova Scotia and Newfoundland and Labrador."
Two men wearing suits stand near a microphone in the rain. Canadian flags are in the background.
Prime Minister Justin Trudeau, left, signed a hydrogen agreement with German Chancellor Olaf Scholz in Stephenville during August 2022. (Adrian Wyld/The Canadian Press)
Wilkinson said the deal also holds important global implications beyond just trade, including fighting climate change and curbing Russia's economic advantages over European countries.
"They can actually rely either on themselves or on their friends and allies to supply the kinds of fuels that they are going to need going forward, so they're not dependent on dictators like Vladimir Putin," Wilkinson said.
"This kind of approach is something that addresses climate.… It addresses energy security. It addresses economic prosperity for Newfoundland and Labrador. And yes, we are making sure that we are doing this in a thoughtful way that addresses transportation, not just production."
Wilkinson said work is underway to ensure there are ports and infrastructure in Canada and Germany to facilitate the transport of hydrogen products.
World Energy GH2's environmental assessment is 4,000 pages long. The provincial government's verdict on it is expected to be released in April. (Colleen Connors/CBC)
Wilkinson reiterated that Monday's announcement does not guarantee that the World Energy project will move forward.
"We're not quite there yet," he said. "There's still some work to do."
However, he is optimistic that the project will move forward.
"I look forward to pushing this over the line and to being there when the ribbons are being cut."
delerious1
1 month ago
RONN FINALIZES DEAL WITH THE TOBIQUE! THIS DEAL IS RELATED TO A $430 MILLION HYDROGEN TRADE AGREEMENT BETWEEN CANADA AND GERMANY!
SCOTTSDALE, AZ / ACCESSWIRE / August 15, 2024 / RONN Inc (OTC PINK:RONN) announced that the Company has officially forged a strategic partnership with the Tobique First Nation to develop hydrogen production and infrastructure, with an initial investment of $1 million from the First Nation. Mr. Ford added that this Agreement is expected to evolve into a multi-million-dollar partnership, providing both hydrogen infrastructure sales, ongoing operational income, FCEV truck sales, and future revenues from hydrogen sales.
Mr. Ford continued by stating that the Tobique First Nations plans to maximize the potential use of their new wind farm by working with RONN Inc. to evaluate and potentially produce power for hydrogen production, mirroring a recent significant 430 million dollar partnership between Canada and Germany.
https://www.cbc.ca/news/canada/newfoundland-labrador/canada-germany-hydrogen-deal-1.7146700
Julian Moulton stated, "Partnering with RONN INC. to develop hydrogen hubs within New Brunswick, the Tobique Nation, and surrounding areas presents a unique opportunity to capitalize on the growing clean energy market and the Net Zero clean emissions initiative. This initiative promises economic benefits, environmental stewardship, and technological leadership, making it a compelling investment for sustainable future growth."
Mr. Moulton highlighted the importance of hydrogen technologies in achieving a Net Zero environment, and the importance of the execution of this contract following productive discussions with local leaders and industry CEOs. This collaboration is set to involve various stakeholders, including Tobique First Nation taking the lead, local city officials, and private commercial industries to ensure the sustainable growth of the region.
https://finance.yahoo.com/news/ronn-inc-signs-hydrogen-development-121500158.html
delerious1
1 month ago
"In March of 2024, US$750 million from the US Department of Energy was earmarked for 52 projects across 24 states aimed at advancing electrolysis technologies and building out US manufacturing capacity for the production of electrolyzers, fuel cells and clean hydrogen.
Not to be outdone by their neighbors to the south, as part of its annual budget the Government of Canada is proposing the Clean Hydrogen Investment Tax Credit, which will reimburse green and blue hydrogen developers up to 40 percent of taxes paid — based on lifecycle emissions — on the purchasing and installing of eligible equipment.
In addition to that tax credit, manufacturers of made-in-Canada electrolyzers, hydrogen refueling systems, batteries, wind turbines and solar panels will be able to take advantage of the Clean Technology Investment tax credit, which provides a 30 percent tax rebate on manufacturing costs. In May of 2024, the Government of Canada put up C$10 million for the launch of a clean hydrogen hub at Simon Fraser University's Burnaby campus in British Columbia."
https://www.nasdaq.com/articles/now-good-time-invest-hydrogen-updated-2024
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