CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) has announced that they have received a US$60.8 million valuation from an independent valuation and financial due diligence firm, and that they are advancing their 2024 plans for their North American green hydrogen production facilities rollout.
—
Having just reaffirmed priority launch plans to scale and deliver green hydrogen production facilities in both the US and Canada during the second half of 2024, CHARBONE has now engaged the valuation advisory firm to determine the company’s current fair market value. The independent business valuation was completed utilizing four methodologies with associated weighted values, including market capitalization/capital investments made (45%), book value (45%), market comparisons to similar companies operating in the green hydrogen production environment including Hydrogen De France, Monarch Energy, and Lhyfe, (7%) and discounted cash flow with a net present and terminal value (3%).
For more details, visit https://www.stockspeak.com/stocks/charbone-hydrogen
“This US$60.8 million valuation showcases the remarkable growth potential of CHARBONE’s current business and project interests in the Montreal and Detroit areas, as well as our ability to forge strong business and financial partnerships,” said Dave Gagnon, CEO of CHARBONE. “We’ve worked hard to create lasting relationships with government and industry partners to secure our current plant optimization plans in 2024. We feel incredibly confident in our long-term vision and prospects for investor success.”
CHARBONE is now focused on delivering a near-term network of modular green hydrogen production facilities across North America. The company has established a decentralized, energy-opportunistic approach to green hydrogen production using grid-connected renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial, and future mobility users.
Located near Montreal, Quebec, its new Sorel-Tracy Green Hydrogen Project will serve as the company’s flagship facility, giving CHARBONE a first-mover advantage with production starting later this year. Additionally, a second green hydrogen production project in the Detroit, Michigan area is also scheduled to be operational later this year.
In total, CHARBONE has stated that they plan to build and deliver 16 green hydrogen production facilities across North America by 2030.
CHARBONE is pleased to be establishing their place as a leader in the field, as interest in sustainable energy solutions continues to propel the green hydrogen market into the investor spotlight. As their team explained, projections from industry analysts such as Precedence Research indicate that the market will reach $US89.2 billion by 2030, and interest and investment are surging. They are confident that CHARBONE’s valuation results indicate a robust and economically compelling business model with solid performance potential.
More details can be found at https://www.stockspeak.com/stocks/charbone-hydrogen
Disclaimer: The views and opinions expressed in this article are those of Common Cents Media and do not reflect the opinions or positions of any companies mentioned within. The company provides expert commentary based on current industry developments, and its content is for informational purposes only. The article does not provide investment advice, financial advice, or any other type of advice. Readers should conduct their own research and consult with a professional advisor before making any financial decisions.
Contact Info:
Name: Common Cents Media Staff
Email: Send Email
Organization: Common Cents Media, SPC
Address: 7615 76th Avenue Northwest , Gig Harbor, WA 98335, United States
Website: https://commoncentsmedia.com
Source: PressCable
Release ID: 89130131
In the event of detecting errors, concerns, or irregularities in the content shared in this press release that require attention or if there is a need for a press release takedown, we kindly request that you inform us promptly by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will promptly address your feedback within 8 hours and take necessary actions to resolve any identified issues diligently or guide you through the removal process. Providing accurate and dependable information is our utmost priority.
