Charbone Hydrogen Corporation, a publicly traded company focused on the production and distribution of green hydrogen in North America, has secured a USD 50 million financing facility to accelerate its expansion. The funding is provided by a private fund managed by True Green Capital Management LLC, with US Capital Global Securities LLC acting as the lead advisor and facilitator. This financing will support Charbone's development of modular production facilities, which target a hydrogen purity level of 99.999%, with all output pre-sold through tier-one offtake agreements. The company's CFO, Benoit Veilleux, emphasized this milestone as crucial to their long-term growth strategy, while Hervé Touati, Managing Director at TGC, expressed enthusiasm for the joint renewable clean energy initiative.
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