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CHARBONE HYDROGEN Announces the Execution of a Teaming Agreement to join the Midwest Alliance for Clean Hydrogen, LLC to Participate in a Coalition for a Clean Hydrogen Hub in U.S. Midwest
(TheNewswire) Brossard, Québec – TheNewswire - December 19, 2022 - ...
About this update from Charbone Hydrogen Corporation
[{"type":"text","content":"CHARBONE HYDROGEN Announces the Execution of a Teaming Agreement to join the Midwest Alliance for Clean Hydrogen, LLC to Participate in a Coalition for a Clean Hydrogen Hub in U.S. Midwest\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Brossard, Québec –\n \n \n TheNewswire -\n \n \n December 19, 2022 -\n \n \n CHARBONE HYDROGEN Corporation (“\n \n \n CHARBONE\n \n \n ”)\n(TSXV:CH)\n \n \n is pleased to announce the execution,\nas of November 30, 2022, through its fully owned subsidiary, CHARBONE\nCorporation USA (“\n \n \n CHARBONE\nUSA\n \n \n ”), of a Teaming Agreement\n \n \n \n \n (the “\n \n \n Agreement\n \n \n ”)\n \n \n with the Midwest Alliance For Clean Hydrogen,\nLLC (together with existing hub participants, “\n \n \n MachH2\n \n \n ”). Pursuant\nto this Agreement, CHARBONE USA joins a coalition of public and\nprivate entities representing every phase in the hydrogen value chain,\nincluding a cross-section of carbon-free energy producers, clean\nenergy developers, hydrogen technology providers, utilities, major\nmanufacturers, laboratories and leading hydrogen technology\ndevelopment and deployment institutions, world-class universities, and\ngroups focused on environmental justice.  Following MachH2’s\nsubmission of a concept paper on November 6, 2022, MachH2 will submit\na hydrogen hub proposal (the “\n \n \n Proposal\n \n \n ”) to the United States Department\nof Energy (the “\n \n \n DOE\n \n \n ”) in response to a competitive\nsolicitation to award hydrogen hubs funded under the Infrastructure\nInvestment and Jobs Act intended to catalyze investment in a clean\nhydrogen network to decarbonize multiple sectors of the economy.\n \n \n \n \n Charbone closed, in December, the acquisition of the\nWolf River Hydro LP, the Shawano hydropower plant in Wisconsin and\nwill continue negociating the Purchase and Sales Agreement to acquire\nthe three remaining plants from Northwoods Hydropower in Michigan in\npart to use the excess of power to produce green hydrogen in those two\nstates.\n \n \n \n \n “We are pleased to join the MachH2\nTeam with many great companies and leaders in the development of a\nproposal for a Clean Hydrogen Hub in the U.S. Midwest,”\n \n \n said Dave B. Gagnon,...