CHARBONE Hydrogen and ABB Sign Agreement to Advance North American Green Hydrogen Production Facilities

(TheNewswire)

Collaboration setsABB as preferred supplier of modular and standard electricalsubstations, with future scope for automation solutions

Agreement willenable Charbone to progress green hydrogen production in both Canadaand the United States

Supports theQuébec government’s 2030 energy roadmap to reduce consumption ofpetroleum products by one billion liters per year

Brossard, Quebec – TheNewswire - March 13, 2025 –CHARBONE HYDROGENCORPORATION (TSXV: CH; OTCQB: CHHYF;FSE: K47) (the “Company” or “CHARBONE”), North America’sonly publicly traded pure-play green hydrogen company, is thrilled to announce thesigning of a Memorandum of Understanding (MoU) agreement with ABB tocollaborate on the development of up to 15 modular and scalable greenhydrogen production facilities across North America over the next fiveyears, providing a clean fuel source for existing hydrogen users andheavy industrial processes such as steelmaking, which currently usegrey hydrogen as an energy source.

The MoU scope positionsABB as the preferred supplier for the design, engineering,fabrication, testing and supply of modular and standard electricalsubstations (eHouses) for the interconnection between productionfacilities and local utilities. ABB will support CHARBONEstandardizing basic engineering for systems and components across itsproject portfolio, to increase energy efficiency and reliability.Future scope may also see ABB operate as the main automation,electrification and telecom contractor depending on projectrequirements.

Among the sites covered by the collaboration isCHARBONE’s flagship Sorel-Tracy facility near Montreal in Québec,Canada. The facility is expected to be connected to the Hydro-Québecgrid by the end of quarter two in 2025, using hydro electricity topower green hydrogen electrolyzers. The plant will create a blueprintfor the design and engineering of modular and scalable equipment forother sites being developed by Charbone. The next project to getunderway will be in the greater Detroit area in the USA, which is themanufacturing base for major automotive companies.

“Thisstrategic collaboration with ABB is a strong and significant signalabout our proposition for the North American green hydrogenmarket,” said DanielCharette, Chief Operating Officer of CHARBONE.“Withthe Sorel-Tracy project moving quickly to on-site activities and thecapabilities of plug and play modular approach to get productionstarting in a minimal number of weeks, Charbone will support thedecarbonization of industry.”

Government du Québechas developed a localized Green Hydrogen and Bioenergy Strategy tosupport the deployment of hydrogen and bioenergy to power industrialsectors such as transportation, primary metals and chemicals. Itidentifies green hydrogen and bioenergy as having the potential toreduce Québec’s consumption of petroleum products by nearly onebillion liters a year by 2030. This could cut the region’sgreenhouse gas emissions by four megatons of carbon dioxide a year –the equivalent of removing 1.2 million gasoline-powered vehicles fromthe roads.

“Greenhydrogen has an important role to play in the transition towards a lowcarbon energy future,” said Per Erik Holsten, President of ABB EnergyIndustries. “We are proud tocollaborate with Charbone on its strategy to develop and grow greenhydrogen production facilities across North America, enabling animportant sector to scale and supporting industries to outrun leanerand cleaner.”

In addition to the MoU, Charbone will acquire ABB’sExtended Operator Workplace (EOW) system for all the plannedfacilities and a main operator workplace to monitor all the facilitiesin North America from CHARBONE’s headquarters. The EOWs – thefirst to be installed in green hydrogen production plants in North America – will enhanceproduction and reduce downtime via 24/7 monitoring from local andremote-control centers.

Global hydrogen demand, largely concentrated in therefining and chemical sectors, reached 97 megatons (Mt) in 2023,representing an increase of 2.5 percent year on year. Low-emissionshydrogen production was less than 1 Mt, but it could reach 49 Mtpaby 2030 based on announced projects.

About CHARBONE HydrogenCorporation

CHARBONE is an integrated green hydrogen companyfocused on creating a network of modular green hydrogen productionfacilities across North America. Using renewable energy, CHARBONEproduces eco-friendly dihydrogen (H2) for industrial, institutional,commercial, and future mobility users. CHARBONE is currently the onlypublicly traded pure-play green hydrogen company, with shares listedon the TSX Venture Exchange CH; the OTC Markets (OTCQB:CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects,please visit www.charbone.com.

About ABB

ABB is a global technology leader in electrificationand automation, enabling a more sustainable and resource-efficientfuture. By connecting its engineering and digitalization expertise,ABB helps industries run at high performance, while becoming moreefficient, productive and sustainable so they outperform. At ABB, wecall this ‘Engineered to Outrun’. The company has over 140 yearsof history and around 110,000 employees worldwide. ABB’s shares arelisted on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).www.abb.com.

Forward-Looking Statements

This news release containsstatements that are “forward-looking information” as defined underCanadian securities laws (“forward-looking statements”). Theseforward-looking statements are often identified by words such as“intends”, “anticipates”, “expects”, “believes”,“plans”, “likely”, or similar words. The forward-lookingstatements reflect management's expectations, estimates, orprojections concerning future results or events, based on theopinions, assumptions and estimates considered reasonable bymanagement at the date the statements are made. Although Charbonebelieves that the expectations reflected in the forward-lookingstatements are reasonable, forward-looking statements involve risksand uncertainties, and undue reliance should not be placed onforward-looking statements, as unknown or unpredictable factors couldcause actual results to be materially different from those reflectedin the forward-looking statements. The forward-looking statements maybe affected by risks and uncertainties in the business of Charbone.These risks, uncertainties and assumptions include, but are notlimited to, those described under “Risk Factors” in theCorporation’s Filing Statement dated March 31, 2022, which isavailable on SEDAR at www.sedar.com; they could cause actual events orresults to differ materially from those projected in anyforward-looking statements.

Except as required under applicablesecurities legislation, Charbone undertakes no obligation to publiclyupdate or revise forward-looking information.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.

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