StormFisher Hydrogen Secures US$50 million Commitment from Hy24 to Deliver Pipeline of Clean Fuel Production Projects in North America
Summary
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. The companys 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 hydrogen and e-Fuel space will be instrumental in accelerating StormFisher Hydrogens mission to lead in clean fuel development. With strong industrial and financial expertise at its core, Hy24 will have a unique capacity to accelerate the scaling up of hydrogen solutions along the whole value chain: production, conversion, storage, supply, and usage. The Clean H2 Infra Fund is dedicated to professional investors and not commercialized in the United States of America.Founded in 1989, ARC Financial Corp. is committed to building high-performing businesses that address the worlds energy and sustainability needs. To date, ARC has raised C$6.4 billion across eleven energy-focused funds since the launch of its private equity business in 1997, having invested capital in more than 180 companies across the energy landscape.