Charbone Hydrogen Corporation Expands Green Hydrogen Production in Quebec
Key Ideas
- Charbone Hydrogen Corporation is doubling its Phase 1 electrolyzer capacity at the Sorel-Tracy plant in Quebec.
- The company has secured a supply agreement for a new, higher-capacity electrolyzer system, expected to be operational in Q3-2024.
- This expansion is set to boost Charbone's production capabilities and solidify its position as a leading green hydrogen company in North America.
- Investors can find more information about TSE:CH stock on TipRanks' Stock Analysis page.
Charbone Hydrogen Corporation, listed on the Toronto Stock Exchange under the symbol TSE:CH, announced an ambitious expansion plan for its green hydrogen production at the Sorel-Tracy plant in Quebec. The company is set to more than double its Phase 1 electrolyzer capacity by installing a new, higher-capacity electrolyzer system. This move is expected to be completed in Q3-2024, following 4-6 weeks of installation post-delivery. By enhancing its production capabilities, Charbone aims to strengthen its position as the sole publicly traded company in North America exclusively dedicated to green hydrogen. This development not only signifies the company's commitment to eco-friendly energy solutions but also demonstrates its proactive approach to meeting the rising demand for sustainable hydrogen. Investors interested in the performance of TSE:CH stock can find valuable insights on TipRanks' Stock Analysis page.