Charbone's Sorel-Tracey Green Hydrogen Project to Connect to Grid in 2025
Key Ideas
  • Charbone Hydrogen Corporation's flagship project in Sorel-Tracey will connect to the grid in March 2025, ensuring clean energy for green hydrogen production.
  • The company expressed gratitude to Hydro-Quebec for their collaboration and effort in making the project a reality.
  • Daniel Charette, Charbone's COO, was appointed as the new president of the Hydrogen Quebec Association, emphasizing the sector's growth.
  • Following the announcement, Charbone's stock surged with a 14.3% increase in Canada and a 24.2% rise over the counter on Wednesday.
Charbone Hydrogen Corporation has received confirmation from Hydro-Quebec that its Sorel-Tracey green hydrogen project will be connected to the grid in March 2025. This development ensures the availability of clean energy for the project to commence green hydrogen production. Charbone's COO, Daniel Charette, expressed appreciation for the collaboration and hard work of Hydro-Quebec's engineering and development departments in securing internal and external approvals. Charette's appointment as the president of the Hydrogen Quebec Association signifies the company's commitment to advancing the hydrogen sector in the region. The association, comprising more than 50 members engaged in hydrogen technologies, plays a crucial role in fostering industry progress. The market responded positively to the news, with Charbone's shares seeing a significant increase of 14.3% in Canada and 24.2% over the counter. This milestone not only marks a significant step for Charbone's project but also highlights the growing momentum of green hydrogen initiatives in North America.
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