Charbone Hydrogen has entered into a strategic partnership with ABB to supply modular electrical substations designed to support the stable power supply required for Charbone's electrolyzer units that produce green hydrogen. ABB will provide 15 modular substations over five years, starting with Charbone's flagship Sorel-Tracy plant, which will be powered by renewable energy from Hydro-Québec. This collaboration aims to revolutionize green hydrogen production by combining Charbone's expertise with ABB's electrical solutions, enabling the rollout of modular green hydrogen plants in North America. The ABB substations play a key role in enhancing the efficiency and reliability of modular green hydrogen plants by regulating power levels and enabling rapid deployment and scalability. The Sorel-Tracy facility will act as a model for future projects, including a Detroit plant, demonstrating Charbone's ability to replicate modular designs and achieve production within 8 to 14 months of site selection. Charbone's business model focuses on agility and flexibility, leveraging standardized modules to mitigate risks associated with unique projects. The company plans to set up 10-15 similar green hydrogen facilities in high-demand regions like Quebec and the Greater Toronto Area, with each facility initially producing one tonne of hydrogen per day and scaling up based on market demand. To support their expansion plans, Charbone is actively raising capital, with a $6-million convertible debenture led by the US Capital Group and future funding rounds expected. This strategic growth approach positions Charbone as a significant player in the green hydrogen sector, offering cost-effective and efficient solutions for the evolving energy market.