StormFisher Hydrogen (a low carbon fuel facility development company) announced it has secured a $30 million investment from ARC Financial. The funding round will be used to develop an existing pipeline of projects in the United States and Canada.
Since being founded in 2006, StormFisher has been focused on projects to produce low carbon fuels at scale. And 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 – which is now known as StormFisher Hydrogen – has been actively working on e-fuel facilities since 2018, building off its success in producing Renewable Natural Gas (RNG) at scale, and has now created a robust pipeline for deploying several billions of dollars in capital over the next 5-10 years for these facilities. The funding 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 that is capable of converting up to 300 megawatts (MW) of renewable electricity from wind and solar into e-fuels. And 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 like refineries, ammonia production facilities, steel plants, glass, cement and other industries with large process and thermal loads, and the marine sector.
Each StormFisher facility can produce enough e-methane for lowering the carbon emissions from over 60,000 homes, or enough e-methanol to fuel a container ship transporting 350,000 cargo containers from Europe to the United States. And 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.
The $30 million investment will provide capital in developing StormFisher Hydrogen’s pipeline of facilities projects across the United States and Canada.
KEY QUOTES:
“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. 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.”
- Jud Whiteside, CEO of StormFisher Hydrogen
“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.”
- 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.”
- Brian Boulanger, CEO at ARC Financial
