StormFisher Hydrogen Secures $30 Million Investment from ARC Financial Corp
March 10, 2024, 7:52 am
StormFisher Hydrogen, a company specializing in low-carbon fuel facility development, recently announced a significant milestone in its journey towards sustainability. With a hefty $30 million investment from ARC Financial Corp, the company is poised to accelerate its efforts in developing clean energy infrastructure across the United States and Canada.
StormFisher Hydrogen, formerly known as StormFisher, has been at the forefront of producing low-carbon fuels at scale since its inception in 2006. The recent divestment of its organic waste-to-energy division has allowed the company to shift its focus towards renewable electricity-derived fuels, also known as e-fuels, to meet the growing demand in various industries undergoing an energy transition.
The funding from ARC Financial will enable StormFisher Hydrogen to further expand its pipeline of projects, with a strong emphasis on electrolysis-based fuels such as clean hydrogen, e-methane, e-methanol, and green ammonia. These fuels play a crucial role in decarbonizing hard-to-abate sectors like natural gas utilities, refineries, ammonia production facilities, and the marine sector.
By converting up to 300 megawatts of renewable electricity from wind and solar sources into e-fuels, each StormFisher facility has the potential to significantly reduce carbon emissions in various industries. For example, the production of e-methane can offset the carbon footprint of over 60,000 homes, while e-methanol can fuel a container ship transporting cargo across continents.
To drive its expansion plans, StormFisher Hydrogen has re-enlisted key executives with a proven track record in project development, commercial operations, and project origination. This strategic move, coupled with the substantial investment from ARC Financial, positions the company as a leader in the market for hydrogen-derived fuels.
Jud Whiteside, CEO of StormFisher Hydrogen, expressed enthusiasm about the partnership with ARC Financial, stating, "We're excited to bring our expertise in low-carbon fuel facility development to support organizations worldwide in achieving net zero emissions. With this funding, we have the resources to unlock the full decarbonization potential of e-fuels."
Nishka Gupta, Chair of the Board of StormFisher Hydrogen and Senior Vice-President at ARC Financial, emphasized the company's strong position in the market, saying, "With its seasoned team and successful project track record, StormFisher Hydrogen is well-equipped to lead the way as demand for hydrogen-derived fuels grows."
Brian Boulanger, CEO of ARC Financial, highlighted the significance of the investment in StormFisher Hydrogen, stating, "This marks our first investment from ARC Energy Fund 10, underscoring our commitment to supporting companies driving the energy transition."
Overall, the partnership between StormFisher Hydrogen and ARC Financial Corp signifies a significant step towards a sustainable future, with a focus on developing clean energy solutions to address the global demand for low-carbon fuels.
StormFisher Hydrogen, formerly known as StormFisher, has been at the forefront of producing low-carbon fuels at scale since its inception in 2006. The recent divestment of its organic waste-to-energy division has allowed the company to shift its focus towards renewable electricity-derived fuels, also known as e-fuels, to meet the growing demand in various industries undergoing an energy transition.
The funding from ARC Financial will enable StormFisher Hydrogen to further expand its pipeline of projects, with a strong emphasis on electrolysis-based fuels such as clean hydrogen, e-methane, e-methanol, and green ammonia. These fuels play a crucial role in decarbonizing hard-to-abate sectors like natural gas utilities, refineries, ammonia production facilities, and the marine sector.
By converting up to 300 megawatts of renewable electricity from wind and solar sources into e-fuels, each StormFisher facility has the potential to significantly reduce carbon emissions in various industries. For example, the production of e-methane can offset the carbon footprint of over 60,000 homes, while e-methanol can fuel a container ship transporting cargo across continents.
To drive its expansion plans, StormFisher Hydrogen has re-enlisted key executives with a proven track record in project development, commercial operations, and project origination. This strategic move, coupled with the substantial investment from ARC Financial, positions the company as a leader in the market for hydrogen-derived fuels.
Jud Whiteside, CEO of StormFisher Hydrogen, expressed enthusiasm about the partnership with ARC Financial, stating, "We're excited to bring our expertise in low-carbon fuel facility development to support organizations worldwide in achieving net zero emissions. With this funding, we have the resources to unlock the full decarbonization potential of e-fuels."
Nishka Gupta, Chair of the Board of StormFisher Hydrogen and Senior Vice-President at ARC Financial, emphasized the company's strong position in the market, saying, "With its seasoned team and successful project track record, StormFisher Hydrogen is well-equipped to lead the way as demand for hydrogen-derived fuels grows."
Brian Boulanger, CEO of ARC Financial, highlighted the significance of the investment in StormFisher Hydrogen, stating, "This marks our first investment from ARC Energy Fund 10, underscoring our commitment to supporting companies driving the energy transition."
Overall, the partnership between StormFisher Hydrogen and ARC Financial Corp signifies a significant step towards a sustainable future, with a focus on developing clean energy solutions to address the global demand for low-carbon fuels.