CHARBONE HYDROGEN ANNOUNCES AGREEMENT WITH FRENCH ELECTROLYZER MANUFACTURER ELOGEN FOR SECURING UP TO 100 MEGAWATTS
2022-11-17 10:26 ET – News Release
Mr. Dave Gagnon reports
Charbone Hydrogen Corp. has signed a definitive multiyear master supply agreement with Elogen SAS, a GTT Company, pursuant to which Charbone is securing its supply chain of PEM (proton exchange membrane) electrolyzers for up to 100 megawatts over a period of four years, from 2023 to 2026. The PEM electrolyzers to be supplied by Elogen to Charbone will comprise the full product line offered by Elogen, ranging from 0.5 MW up to five MW for all of Charbone’s North American green hydrogen projects.
Elogen will also supply certain services related to the installation, commissioning, start-up, and operation and maintenance services, while training Charbone’s personnel to complete those tasks locally. Furthermore, the agreement contains a provision for Charbone and Elogen to consider and exercise the option for locally assembling the PEM electrolyzers in Canada and the Unites States.
« This multiyear master supply agreement with Elogen is one of the most important milestones for Charbone and, we believe, the whole green hydrogen industry in North America. With this agreement, we just secured our electrolyzer supply chain for the numerous projects that we have announced and the others that we are currently developing in our project portfolio. No other green hydrogen Canadian producers have yet announced such an agreement, » said Dave Gagnon, chief executive officer and chairman of Charbone. « The dynamism and combined strengths of Elogen and Charbone form a solid and strong team for the start of the energy transition and the decarbonization of the Canadian and North American economy. »
Jean-Baptiste Choimet, managing director at Elogen, comments: « This contract is consistent with our strategy to forge partnerships with strong local players. We are delighted with this collaboration with Charbone, a company focused on innovation, with which we share an ambitious vision regarding the development of green hydrogen production. »
CHARBONE is a Canadian green hydrogen group established in North America. The company’s strategy is to develop modular and expandable hydrogen facilities and regional hubs. With the acquisition of hydroelectric power plants in the United States and Canada, Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy in order to distinguish itself as a supplier of an ecological solution for industrial and commercial companies.
Elogen, a technological expert at the service of green hydrogen, is developing advanced technologies to design and produce PEM (Proton Exchange Membrane) electrolyzers to meet new uses of hydrogen in mobility, industry and energy storage. Elogen, a GTT technology group company, relies on a powerful RD and a robust manufacturing process to provide its customers with competitive, reliable systems tailored to their needs. The technological solutions developed by Elogen, particularly suited to renewable energies, demonstrate superior efficiency and competitiveness.
GTT is a technological expert in containment systems with cryogenic membranes used to transport and store liquefied gases. For over 50 years, GTT has been designing and providing cutting-edge technologies for a better energy performance, which combine operational efficiency and safety, to equip LNG carriers, floating terminals, land storage, and multi-gas carriers. GTT also develops systems dedicated to the use of liquified natural gas as fuel, as well as a full range of services, including digital services in the field of smart shipping. GTT is also active in hydrogen through its subsidiary Elogen, which designs and assembles electrolyzers notably for the production of green hydrogen. GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120 and MSCI Small Cap indices.