CHARBONE HYDROGEN Announces the Execution of a Memorandum of Understanding with NYSERDA to Participate in the Consortium for a Clean Hydrogen Hub in Northeast U.S.

BROSSARD, Quebec, May 25, 2022 (GLOBE NEWSWIRE) -- CHARBONE HYDROGEN Corporation (“CHARBONE”) (TSXV:CH) is pleased to announce the execution, as of May 24, 2022, through its fully-owned subsidiary, CHARBONE Corporation USA (“CHARBONE USA”), of a memorandum of understanding (the “MOU”) with the New York State Energy Research and Development Authority (“NYSERDA”). Pursuant to this MOU, CHARBONE USA joins a consortium with the states of New York, New Jersey and Connecticut, as well as more than 50 hydrogen ecosystem partners, for the development of a proposal to become one of at least four regional clean hydrogen hubs designated through the U.S. federal Clean Hydrogen Hubs program included in the federal 2021 Bipartisan Infrastructure Investment and Jobs Act.

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