StormFisher Hydrogen, a low-carbon fuel facility development company, has secured a $30-MM investment from ARC Financial Corp. The funding will be used to develop an existing pipeline of projects in the U.S. and Canada.

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 eFuels, 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 eFuel facilities since 2018, building off its success in producing renewable natural gas (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 H₂, eMethane, eMethanol and green ammonia.

StormFisher Hydrogen is developing several facilities capable of converting up to 300 megawatts (MW) of renewable electricity from wind and solar into eFuels. These low-carbon fuels will have the ability to decarbonize hard-to-abate sectors such as natural gas utilities in North America as well as through the liquefied natural gas (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. Each StormFisher facility can produce enough eMethane to lower the carbon emissions from over 60,000 homes, or enough eMethanol to fuel a container ship transporting 350,000 cargo containers from Europe to the U.S. To drive its expansion, StormFisher Hydrogen has re-enlisted three key executives from its past successes: Brandon Moffatt, EVP - Project Development and Execution; Chris Guillon, EVP - Commercial Operations and Finance; and Pearce Fallis, EVP - Project Origination and Development.

"We're excited to bring our depth and expertise in low carbon fuel facility development to support global organizations 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 years of experience building clean energy infrastructure to unlock the full decarbonization potential of e-fuels for organizations across the globe."

"With its seasoned team and proven 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," said Brian Boulanger, CEO at ARC Financial. The $30-MM investment will provide capital to develop StormFisher Hydrogen's pipeline of facilities projects across the U.S. and Canada.