StormFisher Hydrogen Secures US$50 million Commitment from Hy24 to Deliver Pipeline of Clean Fuel Production Projects in North America

HOUSTON, Feb. 11, 2025 (GLOBE NEWSWIRE) -- StormFisher Hydrogen, a leading developer and producer of clean fuels, announces today it has secured a US$50 million commitment from Hy24’s Clean Hydrogen Infrastructure Fund, the world’s leading low-carbon hydrogen asset manager. This strategic partnership will accelerate StormFisher Hydrogen’s pipeline of clean fuel production projects in North America, helping them 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 e-Fuels 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 global leadership in the sector.”

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Expanding North America's Clean Fuel Capacity

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 RFNBO e-Fuels (renewable fuel of non-biological origin), such as green hydrogen, e-Methanol, green ammonia, and e-Methane. The company’s most advanced project in North Texas, U.S., is expected to reach FID in early 2026 and will have an e-Methanol production capacity of more than 120,000 tonnes per year.

“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 significant economic value and long-term jobs to the communities we develop in, while increasing molecule exports to Europe and Asia. With cutting-edge energy infrastructure and a highly skilled workforce, the United States is poised to lead the global low-carbon fuels market. Our projects strengthen America’s energy resilience and independence.”

Driving Sustainable Industry Transformation

StormFisher Hydrogen’s projects will significantly contribute to North America's e-Fuel production capacity, which is critical for decarbonizing hard-to-abate industries, including maritime, aviation, and chemicals. The initiative will also help establish the United States as a key supplier to the global market while reinforcing its leadership in the energy transition.

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 create 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 hydrogen and e-Fuel development will be instrumental in accelerating StormFisher Hydrogen’s mission. With a proven management team, ARC Financial Corp.'s extensive North American investment experience, and Hy24's global reach, we are well-positioned to deliver low-carbon hydrogen-derived products at scale.”

About StormFisher Hydrogen

StormFisher Hydrogen develops and operates facilities that produce e-Fuels through renewable electricity-based green hydrogen production and the utilization of carbon dioxide from industrial sources. StormFisher Hydrogen partners with hard-to-abate sectors, including transportation (maritime/aviation), heavy industry, and gas utilities, as well as traditional methanol users seeking clean fuel solutions for long-term decarbonization goals.

About Hy24

The Clean H2 Infra Fund, managed by Hy24, is a 50/50 joint venture between Ardian and FiveT Hydrogen, with the goal of accelerating the development of clean hydrogen infrastructure. The fund was launched with €2 billion in allocations, backed by major industry players, including Air Liquide, TotalEnergies, VINCI Concessions, Plug Power, Chart Industries, and Baker Hughes. Hy24 supports large-scale hydrogen projects spanning production, conversion, storage, supply, and usage. The Clean H2 Infra Fund is compliant with Article 9 of the European sustainability regulation (SFDR) and is dedicated to institutional investors.

About ARC Financial Corp.

Founded in 1989, ARC Financial Corp. is committed to building high-performing businesses that address global energy and sustainability needs. To date, ARC has raised C$6.4 billion across eleven energy-focused funds and invested in more than 180 companies across the energy landscape. ARC Energy Fund 10 focuses on infrastructure development, energy services, and manufacturing opportunities in the energy transition.

For more information, visit www.arcfinancial.com.