Charbone Hydrogen corporation, a company focused on green hydrogen production and distribution, announced it has signed, on September 4, 2025, an Asset Purchase Agreement to acquire operational hydrogen production and refuelling equipment in Quebec. The strategic acquisition will enable CHARBONE to fast-track the commissioning of CHARBONE’s flagship Sorel-Tracyfacility phase 1 and empower CHARBONE to produce and deliver first industrial high purity hydrogen (UHP) sales in the upcoming quarter.
The equipment, currently in use will be dismantled, repurposed and relocated to Sorel-Tracy.
“Investors have waited for Sorel-Tracy to move from development to revenue,”said Dave Gagnon, President and CEO of CHARBONE.“By repurposing proven equipment — at a lower cost of a new build — and structuring the deal to preserve cash, we’re entering execution mode with strong capital backing and minimal dilution.He continues; This acquisition positions us to deliver green and high purity hydrogen (UHP) to our industrial customers quicker, and with best-in-class operating equipment.”
Image of CHARBONE
Press release https://tinyurl.com/yh8d8p5k
