Brossard Quebec based CHARBONE HYDROGEN has announced an important milestone with the signature of a non-binding Letter of Intent with ELOGEN, pursuant to which CHARBONE will be securing its supply chain of PEM electrolysers or up to 100 Megawatts over a period of fouryears from 2023 to 2026 under a definitive multiyear master supply agreement to be negotiated by the parties before 30 November 2022. The PEM electrolysers to be supplied by ELOGEN to CHARBONE will be comprised of a mix of the full range of products offered by ELOGEN, including 0,5 MW, 1,0 MW and the 5,0 MW for all CHARBONE North American green hydrogen projects.Under the Agreement, the parties will negotiate final delivery dates, models, quantities, and prices of the PEM electrolysers to be delivered. Furthermore, the LOI contains a provision for CHARBONE to consider and exercise an option for locally assembling and/or manufacturing in Canada and USA, the PEM electrolysers and other components under ELOGEN supervision as per terms and conditions to be negotiated and agreed upon by the parties during the validity period. Completion of the transaction is subject to further negotiation and execution of the Agreement and customary conditions for this kind of agreement.C'HARBONE is a Canadian green hydrogen group established in North America. The company's strategy is to develop modular and expandable hydrogen facilities and regional hubs. With the acquisition of hydroelectric power plants in the United States and Canada, Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy in order to distinguish itself as a supplier of an ecological solution for industrial and commercial companies.Elogen, a technological expert at the sendee of green hydrogen, is developing advanced technologies to design and produce PEM electrolysers to meet new uses of hydrogen in mobility, industry and energy storage. Elogen, a GTT technology group company, relies on a powerful R&D and a robust manufacturing process to provide its customers with competitive, reliable systems tailored to their needs. The technological solutions developed by Elogen, particularly suited to renewable energies, demonstrate superior efficiency and competitiveness.