StormFisher Hydrogen, a developer and producer of clean fuels, has secured a $50-MM commitment from Hy24’s Clean H2 Infrastructure Fund, a low-carbon H2 asset manager. This strategic partnership will accelerate StormFisher Hydrogen’s pipeline of clean fuel production projects in North America, helping them to reach final investment decisions (FID) and catalyzing the transition to low-carbon energy solutions.
“We are pleased to make our first direct investment in North America to support the growth of StormFisher Hydrogen,” said Pierre-Etienne Franc, co-founder and CEO of Hy24. “The company can leverage its energy platform approach, strong offtaker strategy, and a favorable international regulatory landscape to deploy its robust pipeline of eFuels projects and drive its export ambitions to European and Asian markets. These clean energy solutions present a significant opportunity for North America in its pursuit of energy security, economic growth, and its trade and continued leadership in the sector.”
StormFisher Hydrogen’s current project pipeline includes several facilities located across the United States (Texas, Kansas, Minnesota) and Canada (Ontario region). Together, they will have the capacity to convert up to 1.8 gigawatts (GW) of renewable energy from solar and wind into eFuels FROM renewable fuel of non-biological origin (RFNBO), such as green H2, eMethanol, green ammonia, and eMethane. The company’s most advanced project located in North Texas, U.S. is expected to reach FID in early 2026 and will have an eMethanol production capacity of more than 120,000 tpy.
“This collaboration with Hy24 enables us to advance projects in our pipeline and reinforces our role as a leader in project development,” said Judson Whiteside, President and CEO of StormFisher Hydrogen. “We bring a lot of value and long-term jobs to the communities we are developing in, while increasing molecule exports to Europe and Asia. With cutting-edge energy infrastructure and highly skilled workforce, the U.S. is poised to lead the global low-carbon fuels market. Our projects strengthen America’s position in the energy transition while enhancing domestic energy resilience and independence.”
StormFisher Hydrogen will make a significant contribution to the development of North America's eFuel production capacity, which is critical for decarbonizing hard-to-abate industries such as maritime, aviation, and chemicals. It will also help establish the U.S. 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 over the next decade. The company’s clean fuel production facilities will have material economic benefits for local communities, creating approximately 50 permanent high-quality, full-time jobs per site.
“We are thrilled to partner with Hy24,” said Brian Boulanger, CEO of ARC Financial Corp. “Their deep expertise and sectoral focus in the H2 and eFuel space will be instrumental in accelerating StormFisher Hydrogen’s mission to lead in clean fuel development. With the management team’s proven track record in developing major projects, ARC Financial Corp.'s extensive North American investment experience, and Hy24's global reach, we are well-positioned to deliver low-carbon H2-derived products to our industrial customers at scale.”