StormFisher Hydrogen has secured a substantial investment of US$30 million from ARC Financial Corp. This infusion of capital is set to propel the company’s plans to develop a portfolio of projects across the United States and Canada.
Since its establishment in 2006, StormFisher has been dedicated to scaling up the production of low-carbon fuels. With a recent strategic shift towards renewable electricity-derived fuels, or e-fuels, the company aims to meet the escalating demand for sustainable energy solutions. Building on its success in producing Renewable Natural Gas (RNG) at scale, StormFisher Hydrogen is now poised to deploy billions of dollars in capital over the next decade to develop e-fuel facilities.
StormFisher Hydrogen’s upcoming facilities will harness up to 300 MW of renewable electricity from wind and solar sources to produce a range of e-fuels. These fuels, including clean hydrogen, e-methane, e-methanol, and green ammonia, hold immense potential to decarbonize industries traditionally considered hard-to-abate. From natural gas utilities to heavy industries like refineries, steel plants, and ammonia production facilities, e-fuels offer a pathway to significantly reduce carbon emissions.
The US$30 million investment from ARC Financial Corp. signifies a significant milestone for StormFisher Hydrogen. This capital injection will fuel the development of the company’s pipeline of facility projects across North America, accelerating the deployment of clean energy infrastructure and unlocking the full potential of e-fuels.
