Hy24 Partners with StormFisher Hydrogen to Accelerate Clean Fuel Projects in North America
Key Ideas
- Hy24's $50 million commitment to StormFisher Hydrogen will boost clean fuel projects in the U.S. and Canada, aiming for 1.8 GW capacity by 2030.
- The partnership will fuel StormFisher Hydrogen's pipeline, leading to final investment decisions and expanding exports to European and Asian markets.
- StormFisher Hydrogen's focus on e-Fuels like green hydrogen and e-Methanol will aid in decarbonizing hard-to-abate industries and strengthen America's role in the low-carbon fuels market.
- With investments from Hy24 and ARC Financial Corp., StormFisher Hydrogen plans to deploy billions of dollars over the next decade, creating significant economic benefits and jobs in local communities.
StormFisher Hydrogen has secured a $50 million commitment from Hy24's Clean Hydrogen Infrastructure Fund to accelerate their clean fuel projects in North America. The partnership aims to advance the company's pipeline of e-Fuels projects, with a focus on green hydrogen and e-Methanol production capacity. This investment will help StormFisher Hydrogen reach final investment decisions and support their ambitions to export to European and Asian markets. The collaboration with Hy24 and previous investment from ARC Financial Corp. positions StormFisher Hydrogen to lead in clean fuel development and contribute significantly to decarbonizing hard-to-abate industries like maritime, aviation, and chemicals. By leveraging renewable energy sources and strategic partnerships, StormFisher Hydrogen aims to strengthen America's position in the energy transition while creating economic benefits and job opportunities in local communities. The investment from Hy24's Clean Hydrogen Infrastructure Fund demonstrates a positive outlook towards the advancement of hydrogen and clean fuel solutions in North America.
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Renewable Energy
Investment
Energy Transition
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