BROSSARD, Quebec — CHARBONE HYDROGEN Corporation (“CHARBONE”) (TSXV:CH) is pleased to announce the execution, as of May 24, 2022, through its fully-owned subsidiary, CHARBONE Corporation USA (“CHARBONE USA”), of a memorandum of understanding (the “MOU”) with the New York State Energy Research and Development Authority (“NYSERDA”).
Pursuant to this MOU, CHARBONE USA joins a consortium with the states of New York, New Jersey and Connecticut, as well as more than 50 hydrogen ecosystem partners, for the development of a proposal to become one of at least four regional clean hydrogen hubs designated through the U.S. federal Clean Hydrogen Hubs program included in the federal 2021 Bipartisan Infrastructure Investment and Jobs Act.
The coalition, composed of more than 50 partners, have agreed to work together to develop a proposal that reflects a shared vision for a sustainable clean hydrogen industry in the Northeast region in response to the U.S. Department of Energy (DOE) funding opportunity announcement, anticipated to launch in May 2022, with $8 billion in funding available.
“We are honored to join the NYSERDA consortium with the governments of the states of New York, New Jersey, Massachusetts and Connecticut, as well as many great companies and leaders in the development of a proposal for a Clean Hydrogen Hub in the U.S. Northeast,” said Dave B. Gagnon, Chairman and CEO of CHARBONE. “CHARBONE will continue to develop small-scale regional hubs throughout Canada and USA”.
Consortium partners have committed to collaborate on the development of proposals to advance clean hydrogen projects that align with each state’s climate and clean energy goals. These goals include Connecticut’s Global Warming Solutions Act goal to reduce greenhouse gas emissions by 80% by 2050, the Commonwealth of Massachusetts’ Global Warming Solutions Act of 2008, as amended, requiring net zero greenhouse gas emissions by 2050 and New Jersey’s Global Warming Response Act goal of reducing greenhouse gas emissions by 80% by 2050.
By forming this New York-led partnership, announced in March, the group is presenting a coordinated, multi-state approach to a hydrogen hub that connects the entire value chain of hydrogen producers, users, technology and equipment manufacturers, and the research and development community, including national labs and universities.
About Charbone
CHARBONE is a Canadian green hydrogen group established in North America. The company’s strategy is to develop modular and expandable hydrogen facilities and regional hubs. With the acquisition of hydroelectric power plants in the United States and Canada, Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy in order to distinguish itself as a supplier of an ecological solution for industrial and commercial companies.
Read the most up to date Fuel Cell and Hydrogen Industry news at FuelCellsWorks
