CHARBONE HYDROGEN Announces a LOI With French Electrolyzer Manufacturer ELOGEN for Securing up to 100 Megawatts

BROSSARD, Québec, June 29, 2022 (GLOBE NEWSWIRE) -- CHARBONE HYDROGEN Corporation (TSXV:CH.VN) (“CHARBONE”) is pleased to announce an important milestone with the signature , of a non-binding Letter of Intent (the “LOI”) with ELOGEN SAS (“ELOGEN”) a GTT Company, pursuant to which CHARBONE will be securing its supply chain of PEM electrolysers (Proton Exchange Membrane) for up to 100 Megawatts over a period of four (4) years from 2023 to 2026 under a definitive multi-year master supply agreement (the “Agreement”) to be negotiated by the parties on/or before November 30, 2022. The PEM electrolysers to be supplied by ELOGEN to CHARBONE will be comprised of a mix of the full range of products offered by ELOGEN, including 0,5 MW, 1,0 MW and the 5,0 MW for all CHARBONE North American green hydrogen projects.