StormFisher Hydrogen, a developer and producer of clean fuels, has secured a $50 million commitment from Hy24’s Clean Hydrogen Infrastructure Fund.
StormFisher Hydrogen plans to make a significant contribution to the development of North America's e-fuel production capacity, which is critical for decarbonizing hard-to-abate industries such as maritime, aviation and chemicals. It also will also help establish the United States as a key supplier to the global market while reinforcing the country’s leadership in the energy sector. With previous investment from ARC Financial Corp.’s ARC Energy Transition Fund and this new investment from Hy24, StormFisher Hydrogen is expected to deploy several billion dollars of capital throughout the next decade.
The strategic partnership with Hy24 will help StormFisher Hydrogen’s pipeline of clean fuel-production projects in North America to reach final investment decisions (FID). The company's project pipeline includes several f
