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Charbone Hydrogen Corporation Receives $725,000 Offer for Vermont and Wisconsin Hydro Projects Amid Expansion Plans

Charbone Hydrogen Corporation has received a non-binding offer for the sale of its interests in two hydro projects in Vermont and Wisconsin. The undisclosed buyer offers a combined valuation of US$725,000 for Charbone to sell 100% of its equity interests in the projects. The sale comes as Charbone plans to transport essential storage infrastructure to its green hydrogen production plant site near Montreal, and plans to launch another green hydrogen project in the Detroit, Michigan area. The Sorel-Tracy Green Hydrogen Project will be Charbone’s flagship facility, starting production in 2024.

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