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
-
First CO2 Well in Four States. It's in Kansas.
Inside This Issue 🛢️ Kansas Gets Its First CO2 Storage Well, PureField Shows How 🤝 FPH2 Expands California Renewable Hydrogen Supply Partnerships To Support Public Fleets, Data Infrastructure, And...
-
DOE Reversal: Which Hydrogen and DAC Hubs Made the Cut
Inside This Issue 💰 DOE Restores $1.2B for DAC Hubs and 5 Hydrogen Projects 🌏 CCUS Hub Study Identifies Five Asia-Pacific Hub Sites and Welcomes New Consortium Partners 🧪 Petronor and H2SITE Partn...
-
Trump Just Spared $5B in Hydrogen. Why?
Inside This Issue 🧪 Trump List Of Saved Projects Spares $5 Billion Hydrogen Hubs ✈️ eFuels SEA Brings Infinium eSAF Technology To Southeast Asia 💰 XCF Global, Inc. Announces Receipt Of $10 Million...
Company Announcements
-
TORONTO, April 22, 2026 /CNW/ - Elemental Trucks Inc. (ETI), a Canadian leader in zero-emission heavy-duty vehicles, launched North America's first commercially available, hydrogen fuel cell 63.5 t...
-
Capture6 Secures Project-Level Financing to Advance Phase 2 of Project Monarch
Capture6 has secured project-level financing from RSF | Regenerative Social Finance, supported by the California Infrastructure and Economic Development Bank (iBank), to advance Phase 2 of its Proj...
-
CALGARY, AB, CANADA – April 21, 2026 – Canadian Discovery Ltd. (CDL) is pleased to announce the upcoming release of the Geological Carbon Storage Atlas of Eastern Canada on April 28, 2026. Co-funde...
-
Advancing Zero-Emission Transit with GenH2’s Controlled Storage This project represents a major step forward in addressing one of the biggest barriers to scaling liquid hydrogen infrastructure” — ...