CHARBORNE HYDROGEN Corp., a US company specialising in green hydrogen production and distribution, has announced the signing of a non-binding term sheet for up to US$50 million construction capital facility with an international specialised renewable energy infrastructure fund manager for a 6 month term.
More details of this project financing credit facility will be communicated in May 2025.
“Signing this term sheet for a construction capital facility of US$50 million is a determining moment for CHARBONE and all of its stakeholders,” said Dave Gagnon, President and CEO of Charbone. “Going forward, CHARBONE expects to add this construction financing to its other sources of financing to better support its entire deployment strategy.”