Charbone Hydrogen Corporation (TSX-V:CH, OTCQB:CHHYF) has released its third quarter financial results, reporting a narrower net operating loss and progress at its hydrogen production facility in Sorel-Tracy, Quebec.
The company said that Phase 1A construction at the Sorel-Tracy site is now complete, with equipment installed and commissioning underway. Charbone expects initial hydrogen production to begin in the coming days.
>> In Other News: MAX Power Initiates Next Phase at Canada’s First Natural Hydrogen Well With Service Rig Mobilization to Lawson
During the quarter, the company completed the purchase and relocation of hydrogen production and refueling equipment from Harnois Énergies.
“Charbone is moving into execution mode to unlock its strong growth potential,” the company’s CFO Benoit Veilleux said in a statement. “Management is motivated to keep working on structuring deals to finance further project investments and expansion.”
For Q3, Charbone reported a net operating loss of about $577,000, a 17% improvement from the $698,000 loss recorded in the second quarter of 2025. The company attributed the reduction to ongoing efforts to tighten general and administrative spending.
Revenue recognition began during Q3 tied to work under a Master Collaborative Agreement supporting the development of a Malaysian green hydrogen project announced earlier this year.
Charbone reported its first industrial gas revenues in October following an offtake agreement with a US Tier One industrial gases producer, enabling distribution of helium and other gases.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
$20M Bet: JPMorgan Is Burying Carbon Under the Rockies
Inside This Issue 🧪 Charm Industrial Secures 61,500-Ton Carbon Removal Purchase and $20 Million Debt Financing to Catalyze Growth ✈️ IATA Urges Bigger Green Aviation Fuel Push as Production Stagna...
-
22 CCS Projects Stayed Alive in Louisiana. Here's Why.
Inside This Issue 🏗️ Louisiana Blocks Parish CCS Bans to Protect $20B Pipeline ⛽ Hyperfuels and Terra Mater Form Strategic Partnership on Low-Carbon Fuel 🌿 Skytree Announces First Commercial Skytr...
-
The Unexpected Fuel Source Inside Utah's Gigasite
Inside This Issue 🧠 Enchant Energy Offers a Carbon Answer to America's Surging AI Data Center Demand 🌊 Carbon Dioxide Removal Will Need to Scale Faster Than Solar to Meet Climate Targets 🌱 Graphyt...
Company Announcements
-
Mazda Advances Toward Commercialization of Onboard CO₂ Capture System
－Successfully Demonstrates CO₂ Storage in Super Taikyu Series Testing Toward Carbon-Negative Operation－ HIROSHIMA, Japan - Mazda Motor Corporation (Mazda) conducted a demonstration test of its und...
-
TerraSpark Energy Campus Wins $18.5M DOE Grant for West Virginia Power and Carbon Capture Project
Project will deliver 1.6 GW of reliable, low-emission, affordable baseload power with next-generation carbon capture technology MOUNT STORM, W.Va., June 05, 2026 -- TerraSpark today announced that...
-
Setting the Bar for Model-based Enhanced Weathering Quantification
In December 2024, Isometric issued the world's first independently certified Enhanced Weathering (EW) credits to InPlanet. Since then, we've certified EW credits for four more suppliers across six ...
-
MODEC, Inc. (“MODEC”) and Eld Energy AS ("Eld Energy”) announced the signing of a Memorandum of Understanding (MOU) to develop a highly efficient 1.2MW power system integrated with carbon capture f...