US Capital Global engaged as strategic financial advisor to pioneering North American green hydrogen producer.
Charbone Hydrogen Corporation
Charbone Hydrogen Corporation
San Francisco, California, USA, March 18, 2024 (GLOBE NEWSWIRE) -- US Capital Global (the “Company”) is pleased to announce that Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FWB: K47) (“Charbone”) has engaged the Company as strategic financial advisor for a potential multi-million-dollar financing initiative. Headquartered in Quebec, Canada, Charbone is at the forefront of developing innovative solutions in green hydrogen and modular plant production that leverage renewable energies for a sustainable future. As North America’s first publicly-traded pure-play green hydrogen company, Charbone is making significant strides supporting the transition to clean energy options that are reliable, readily available, and environmentally sound.
With global headquarters in San Francisco and principal offices in Dallas, Philadelphia, Miami, New York, Las Vegas, London, and Dubai, US Capital Global is a full-service global private financial group with an established track record in corporate finance, asset management, and capital formation services. All private placements, securities, and other related US Capital Global Securities, LLC services are offered by the group’s FINRA-member, SEC-registered broker-dealer affiliate, US Capital Global Securities LLC.
The transition to a low-carbon future necessitates a shift from carbon-based fossil fuels to clean energy alternatives. Green hydrogen, produced through water electrolysis using renewable energy, emerges as a promising solution in today’s energy markets. According to the International Energy Agency (IEA), achieving global net-zero emissions by 2050 may require substantial investments in green hydrogen production. Projections from Precedence Research indicate that the green hydrogen market will reach $89.2 billion by 2030, highlighting significant growth potential.
Dave B. Gagnon, Chairman and CEO of Charbone, underscored the Company’s commitment to a 100% green hydrogen future: “We have plans to develop modular green hydrogen plants across North America and have earmarked 16 projects in the US and Canada for this purpose, the first of which is expected to be production-ready in mid-2024. Our green hydrogen focus is a targeted response to the rising demand from industrial customers and manufacturers in the US and Canada. Our aim is to lead the charge in decarbonization by transforming existing industrial users from dirty hydrogen to green hydrogen.”