Charbone Hydrogen (TSXV:CH) subsidiary Charbone Systems entered into a term sheet (TS) with Resato Hydrogen Technology for sales, marketing, distribution and servicing of Resato’s hydrogen refueling stations (HRS) for the Canadian market.
Charbone will be initially importing the HRS from Europe and includes an optional extension to the agreement to acquire the assembly and manufacturing rights to assemble the HRS in Canada under Resato.
“I’m delighted that we have succeeded at Charbone in partnering with such an experienced and skilled company in Hydrogen Refuelling Technology. Charbone’s ability to promote its model in the North American markets to an international and credible partner such as Resato and bring their high quality and efficient HRS technology to Canada will be instrumental for the building of the Canadian hydrogen ecosystem,” said Dave B. Gagnon, chairman and CEO of Charbone.
Charbone is a green hydrogen company operating out of Quebec. The company’s strategy involves developing modular and expandable facilities. It’s picked up a few hydropower plants in the United States and Canada, and intends on producing green dihydrogen molecules using reliable and sustainable energy to stand out as a supplier of an environmentally friendly solution for industrial and commercial companies.
Resato Hydrogen Technology is a Dutch tech company that builds Hydrogen Refueling Stations. It has more than three decades of experience in high pressure technology, and the expertise to bring hydrogen under the correct pressure under any conditions.
Charbone’s latest move pushes ahead its continue its mission to develop and create sustainable ‘ecosystems’ and local markets with its vision of modular and scalable regional hubs devoted to production and distribution of green hydrogen, while building partnerships with original equipment manufacturers (OEM), tech suppliers, existing users, and getting involved in processes to reduce greenhouse gas effects.
“The Charbone team has over 40 years of experience in fabricating, assembling, and manufacturing modular and complex systems. Charbone has the right approach to the development of the green hydrogen ecosystem. Their vision is supported by an incredible amount of contagious energy, and we are a solid fit,” said Robert T.P Castien, CEO and co-owner of Resato.
The term sheet has Charbone dedicating resources to growing a professional marketing and sales team for the Canadian market, as well as creating partnerships with local companies for the various services of the HRS. Resato has agreed to train and supervise Charbone systems teams, and Charbone will take care of the engineering and adaptation to the Canadian, provincials’ and other stakeholders codes and regulations for Resato.