StormFisher Hydrogen secures investment for e-Fuel production facilities

Since its inception in 2006, StormFisher has been focusing on projects to produce low carbon fuels at scale. The recent successful sale of its organic waste-to-energy division has allowed StormFisher to focus on the production of renewable electricity derived fuels, also called e-fuels, that will meet the rapidly expanding demand for these products as industries evolve in their energy transition. StormFisher, now known as StormFisher Hydrogen, has been actively working on e-fuel facilities since 2018, building off its success in producing RNG at scale, and has now created a robust pipeline to deploy several billions of dollars in capital over the next 5 - 10 years for these facilities. The capital infusion from ARC Financial accelerates StormFisher Hydrogen's developments that will produce electrolysis-based fuels including clean hydrogen, e-methane, e-methanol, and green ammonia.

StormFisher Hydrogen is developing several facilities capable of converting up to 300 MW of renewable electricity from wind and solar into e-fuels. These low-carbon fuels will have the ability to decarbonise hard-to-abate sectors such as natural gas utilities in North America as well as through the LNG supply chain, heavy industries such as refineries, ammonia production facilities, steel plants, glass, cement and other industries with large process and thermal loads, as well as the marine sector.

"We're excited to bring our depth and expertise in low-carbon fuel facility development to support global organisations seeking to reach net zero emissions," said Jud Whiteside, CEO of StormFisher Hydrogen. "With this new funding, we now have the capital and partners to apply our experience building clean energy infrastructure to unlock the full decarbonisation potential of e-fuels for organisations across the globe."

"With its seasoned team and track record of developing successful projects, StormFisher Hydrogen is well positioned to lead the market as demand for hydrogen-derived fuels accelerates," said Nishka Gupta, Chair of the Board of StormFisher Hydrogen and Senior Vice-President at ARC Financial. "StormFisher represents our first investment from ARC Energy Fund 10 which is focused on the energy transition, highlighting our commitment to StormFisher Hydrogen," added Brian Boulanger, CEO at ARC Financial.

The US$30 million investment will provide capital to develop StormFisher Hydrogen's pipeline of facilities projects across the United States and Canada.

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/05032024/stormfisher-hydrogen-secures-investment-for-e-fuel-production-facilities/?utm_source=www.keepcool.co&utm_medium=referral&utm_campaign=first-to-smr