CHARBONE Hydrogen Corporation, based in Brossard, Quebec, has secured a $2.1 million CAD funding to accelerate the construction of its green hydrogen production facilities in Sorel-Tracy, Quebec, and Detroit, Michigan. The company plans to launch operations at the Sorel-Tracy site in the coming weeks, with a pre-ordered electrolyzer set to arrive in Q1 2025. Additionally, Charbone aims to confirm a second green hydrogen project in Detroit soon and intends to establish a network of sixteen facilities across North America by 2030. The financing, which includes convertible notes with a 36-month term, will be used for capital expenditures related to the two facilities. Charbone has already made deposits for two electrolyzers from a reputable global manufacturer. The company's CEO, Dave Gagnon, expressed confidence in Charbone's position as a key player in the North American green hydrogen market. The funding will support the company's growth strategy and commitment to sustainable practices. Charbone's focus on renewable energy and its public listing on multiple stock exchanges underline its dedication to green hydrogen production and its efforts to cater to various sectors such as industry, commercial, and future mobility.