StormFisher Hydrogen Secures US$50 million Commitment from Hy24 to Deliver Pipeline of Clean Fuel Production Projects in North America
Summary
This strategic partnership will accelerate StormFisher Hydrogens 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 e-Fuels projects and drive its export ambitions to European and Asian markets. With cutting-edge energy infrastructure and highly skilled workforce, the United States is poised to lead the global low-carbon fuels market. 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 the management teams proven track record in developing major projects, ARC Financial Corp.s extensive North American investment experience, and Hy24s global reach, we are well-positioned to deliver low-carbon hydrogen-derived products to our industrial customers at scale.