CHARBONE Hydrogen Corporation, North America’s publicly traded pure-play company specializing in green H₂ production and distribution, announced the signing of a non-binding term sheet for up to $50-MM construction capital facility with an international specialized renewable energy infrastructure fund manager for a 6-months term. More details of this project financing credit facility will be communicated in the next 30 days.

“Signing this term sheet for a construction capital facility of $50 MM is a determining moment for CHARBONE and all of its stakeholders,” said Dave Gagnon, President and CEO of Charbone. He continued, “Going forward, CHARBONE expects to add this construction financing to its other sources of financing to better support its entire deployment strategy.”