Back to News
Jun 17, 2026 8:00 AM

Hypercharge Receives $1.74 Million in Cash Proceeds Through Canada's Clean Fuel Regulations

VANCOUVER, British Columbia, June 17, 2026 (GLOBE NEWSWIRE) -- Hypercharge Networks Corp. (TSXV:HC, OTC:HCNWF, FSE: PB7)) (the "Company" or "Hypercharge"), a leading EV charging operator, is pleased to announce that it has received $1.74 million in cash proceeds from the sale of carbon credits generated through Canada's Clean Fuel Regulations ("CFR") for eligible charging activity during the 2025 calendar year.

This amount represents an increase of over 600% compared with the $236,058 in CFR proceeds for the 2024 calendar year and is enabled by Hypercharge's significant network expansion, which includes more than 8,400 networked charging ports. The CFR proceeds reported excludes the 2,700 charging ports recently acquired in May 2026 through the acquisition of Eddie from AXSO.

In accordance with applicable CFR requirements, cash proceeds received from the sale of these carbon credits are to be reinvested in eligible EV infrastructure or programs that reduce the cost of electric vehicle ownership. Hypercharge intends to deploy these funds to further build out its charging network and continue to offer customer incentives that help reduce deployment costs and expand access to EV charging infrastructure across Canada.

"Our 2025 CFR growth is a strong reflection of how rapidly network utilization has expanded," said David Bibby, President and CEO of Hypercharge. "Increased charging activity creates growth funding that will ...