Curated News
By: NewsRamp Editorial Staff
October 07, 2025
Charbone Accelerates Clean Hydrogen Production with Harnois Asset Deal
TLDR
- CHARBONE gains a strategic advantage by acquiring proven hydrogen assets from Harnois Energies, accelerating production timelines while reducing capital costs significantly.
- CHARBONE will relocate and repurpose existing hydrogen production equipment to its Sorel-Tracy facility, enabling clean UHP hydrogen production by early Q4 2025 through staged payments and equity issuance.
- This transaction advances North America's transition to clean energy by accelerating the availability of ultra high purity hydrogen, supporting a lower-carbon future for communities.
- CHARBONE's acquisition of operational hydrogen assets from Harnois Energies creates Quebec's leading clean hydrogen network using proven technology for rapid market deployment.
Impact - Why it Matters
This development matters because it represents a tangible acceleration in the transition to clean energy infrastructure. As governments and industries worldwide push toward decarbonization, the ability to rapidly deploy proven hydrogen production technology addresses one of the biggest challenges in the green energy transition: scaling up production capacity quickly and cost-effectively. For consumers and businesses, this means cleaner transportation and industrial processes could become available sooner, potentially reducing carbon emissions and creating new economic opportunities in the clean energy sector. The strategic partnership model demonstrated here could serve as a blueprint for other companies looking to accelerate their clean energy initiatives while managing capital constraints.
Summary
CHARBONE HYDROGEN CORPORATION has achieved a significant milestone in its quest to establish North America's first clean Ultra High Purity hydrogen production and distribution network by acquiring strategic assets from Harnois Energies Inc. This transformative transaction enables CHARBONE to rapidly deploy proven hydrogen production equipment at its flagship Sorel-Tracy facility, positioning the company to begin clean UHP hydrogen production by early Q4 2025. The acquisition strategy demonstrates remarkable capital efficiency, as utilizing already operational assets significantly reduces installation costs and accelerates time-to-market compared to deploying entirely new systems.
The financial structure of this deal reveals strong confidence in CHARBONE's future prospects, with Harnois electing to receive a substantial portion of the $1 million consideration in CHARBONE equity at market value rather than cash. This strategic alignment saw CHARBONE issue 13,333,334 common shares at $0.075 per share, with additional cash payments structured in staged tranches over two years to preserve capital for growth initiatives. The decision by Harnois to become a shareholder underscores their recognition of the long-term strategic benefits of partnering with CHARBONE as Quebec's leading clean UHP hydrogen supplier, while allowing Harnois to focus on its core energy distribution businesses.
CEO Dave B. Gagnon described this as a "transformative moment" for the company, emphasizing how the acquired assets will enable clean UHP hydrogen production in Sorel-Tracy much sooner than anticipated while optimizing capital efficiency. CHARBONE's modular approach to building a distributed network of green hydrogen production plants, combined with revenue diversification through helium and specialty gas partnerships, positions the company as a leader in the transition to a low-carbon future. The company maintains public listings on multiple exchanges including the TSX Venture Exchange, OTC Markets, and Frankfurt Stock Exchange, with additional information available through their corporate website and regulatory filings accessible via www.sedar.com.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, Charbone Accelerates Clean Hydrogen Production with Harnois Asset Deal
