Texas-based low-carbon fuel company StormFisher Hydrogen has secured a CAD$30m ($22m) investment from ARC Financial Corp., boosting the development of its range of e-fuels projects across the US and Canada.
Since its inception in 2006, StormFisher has been focusing on projects to produce low-carbon fuels at scale.
The recent successful sale of its organic waste-to-energy division has allowed the company to focus on the production of renewable electricity derived fuels (e-fuels) that will meet the rapidly expanding demand for these products as industries evolve in their energy transition.
StormFisher, 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 to deploy several billions of dollars in capital over the next 5-10 years for these facilities.
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