With an investment of CAD$13m ($10m), the joint venture will deploy hydrogen-powered vehicles whilst supporting Gaussin in cementing a place in the Canadian mobility sector.
As well as this, the agreement will enable Charbone in targeting seaports and logistics segments with a range of hydrogen and electric prime movers.
Dave Gagnon, CEO of Charbone Hydrogen, said, “This is clearly a strategic partnership for us and I am very proud to announce it today. Our existing and future hydropower plants, both American and Canadian, will enable us to produce green hydrogen for businesses.
“The term sheet signed with Gaussin and the joint venture will enable us to offer clean vehicles and accelerate the ecological transition of the mobility sector. The market is very promising. The green revolution is underway and I am happy to be part of it.”
Christophe Gaussin, CEO of Gaussin, said, “This strategic partnership with Charbone Hydrogen is excellent news for several reasons. It validates our licensing strategy and opens up considerable prospects for Gaussin in North America.
“It demonstrates once again the Group’s pioneering spirit, which will enable the manufacture of high-tech, clean vehicles in Canada. I am also delighted with the environmental impact of this partnership.
“Charbone Hydrogen produces green hydrogen and the success of our collaboration will show the market and the public the remarkable potential of this energy for the mobility of the future.”
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