Charbone Hydrogen agrees with Elogen for securing up to 100 MW

CHARBONE HYDROGEN Corporation is pleased to announce an important milestone with the signature of a definitivemulti-year master supply agreement with ELOGEN SAS, a GTT Company, pursuant to which CHARBONE is securing its supply chain of PEM electrolyzers for up to 100 Megawatts over a period of four (4) years, from 2023 to 2026.

The PEM electrolyzers to be supplied by ELOGEN to CHARBONE will be comprised of the full product line offered by ELOGEN, ranging from 0.5 MW up to 5.0 MW for all of CHARBONE’s North American green hydrogen projects.

ELOGEN will also supply certain services related to the installation, commissioning, start-up, and operation and maintenance services, while training CHARBONE’s personnel to complete those tasks locally. Furthermore, the Agreement contains a provision for CHARBONE and ELOGEN to consider and exercise the option forlocally assembling the PEM electrolyzers in Canada and the USA.

“This multi-year master supply agreement with ELOGEN is one of the most important milestones for CHARBONE and, we believe, the whole green hydrogen industry in North America. With this Agreement, we just secured our electrolyzer supply chain for the numerous projects that we have announced and the others that we are currently developing in our project portfolio. No other green hydrogen Canadian producers have yet announced such an agreement,” said Dave Gagnon, CEO and Chairman of Charbone. “The dynamism and combined strengths of ELOGEN and CHARBONE form a solid and strong team for the start of the energy transition and the decarbonization of the Canadian and North American economy.”

Jean-Baptiste Choimet, Managing Director at Elogen comments: “This contract is consistent with our strategy to forge partnerships with strong local players. We are delighted with this collaboration with CHARBONE, a company focused on innovation, with which we share an ambitious vision regarding the development of green hydrogen production.”