Elogen announces the signing of a letter of intent with Charbone Hydrogène to supply PEM electrolyzers up to 100 MW, intended for the North American market.
Elogen announces the signing of a non-binding letter of intent with Hydrogen Coal Corporation (Charbone) with a view to signing, by 30 November 2022 at the latest, a multi-year supply framework contract.
Under this contract, Elogen will supply Charbone with PEM electrolysers, for a total capacity of up to 100 megawatts over a period of 4 years (2023-2026), for Charbone’s green hydrogen projects in North America.
The framework agreement will set the delivery dates, models, quantities and prices of the PEM electrolysers to be delivered. The letter of intent also provides that Charbone may assemble, and/or manufacture locally in Canada and the United States, PEM electrolysers and other components, under the supervision of Elogen.
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Jean-Baptiste Choimet, CEO of Elogen, commented:
This strategic letter of intent with Charbone paves the way for Elogen’s entry into the North American market.
“It is fully in line with our desire to forge partnerships with strong local actors. We look forward to this collaboration with Charbone, an innovation-oriented company, with whom we share an ambitious vision regarding the development of green hydrogen production. »
Dave Gagnon, Chief Executive Officer and Chairman of the Board of Charbone, said:
Charbone is pleased to sign, with Elogen, this non-binding letter of intent for the negotiation of a multi-year supply framework agreement.
“Elogen is a strong partner and a true leader in the field of electrolyser engineering and manufacturing.”
“Elogen’s combined strengths in membrane technologies, supported by several patents, and its expertise in engineering, production and maintenance will allow Charbone to have access to reliable and relevant products to support its rapid development in the decarbonization of the Canadian and North American economy.”
Charbone is a Canadian green hydrogen group based in North America. The company’s strategy is to develop modular and expandable hydrogen plants and regional hubs.
With the acquisition of hydroelectric power plants in the United States and Canada, Charbone will be able to produce green hydrogen molecules from reliable and sustainable energy, in order to distinguish itself as a supplier of an ecological solution for industrial and commercial companies.
About GTT
GTT is the technological expert in membrane containment systems dedicated to the transport and storage of liquefied gases. For more than 50 years, GTT has been designing and marketing cutting-edge technologies for better energy performance.
GTT technologies combine operational efficiency and safety to equip LNG carriers, floating units, onshore tanks, as well as multi-gas transport vessels. The Group also offers systems for the use of LNG as fuel, as well as a wide range of services, including digital solutions in the field of Smart Shipping.
GTT is also present in hydrogen through its subsidiary Elogen, which designs and assembles electrolysers intended in particular for the production of green hydrogen.
GTT is listed on compartment A of Euronext Paris (ISIN code FR0011726835, Ticker GTT) and is part of the SBF 120 and MSCI Small Cap indices.
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Press release: Elogen announces the signing of a letter of intent with Charbone Hydrogène to supply PEM electrolysers up to 100 MW for the North American market, June 29, 2022
