Charbone Hydrogen signs MOU with Corporation de Gestion du Port de Baie-Comeau and City of Baie-Comeau

BROSSARD —  Charbone Hydrogen has signed an MOU with Corporation de Gestion du Port de Baie-Comeau and the City of Baie-Comeau for the development of a green hydrogen project.

The project will comprise Charbone’s green hydrogen production and distribution systems, with an initial capacity of 0.5 megawatts or greater. It will be located within or near the Baie-Comeau industrial-port zone. Baie-Comeau also owns its own electrical distribution network, which will facilitate the integration of a modular plant with the potential for capacity expansion that could lead to export outside the region.

The parties anticipate that the definitive agreement will focus first on the creation of a local ecosystem for the production, distribution, and use of green hydrogen.

The Port of Baie-Comeau and the City of Baie-Comeau will organize meetings with local businesses to assess current and future decarbonization needs, in addition to participating in the creation of a regional discussion table bringing together Charbone, the Port of Baie-Comeau and the City of Baie-Comeau, as well as local, provincial, and federal stakeholders, and the academic community.

“Charbone is determined to create the first regional ecosystems and to participate in the energy and economic transition of the regions,” said Dave B. Gagnon, chief executive officer and chairman of the board of directors of Charbone in a statement.

“This agreement with the Port and the City of Baie-Comeau is yet another milestone, proving Charbone’s model of development and progressive deployment, and it is not the last.”