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.
The new capital infusion from ARC Financial accelerates StormFisher Hydrogen’s pipeline of project developments across the US and Canada that will produce electrolysis-based fuels including clean hydrogen, e-methane, e-methanol, and green ammonia.
“We’re excited to bring our depth and expertise in low-carbon fuel facility development to support global organisations seeking to reach Net Zero emissions,” said Jud Whiteside, CEO of StormFisher Hydrogen.
“With this new funding, we now have the capital and partners to apply our years of experience building clean energy infrastructure to unlock the full decarbonisation potential of e-fuels for organisations across the globe.”
Firmly behind e-fuels
StormFisher Hydrogen is developing several facilities capable of converting up to 300 megawatts (MW) of renewable electricity from wind and solar into e-fuels.
These fuels will have the ability to decarbonise hard-to-abate sectors such as natural gas utilities in North America, as well as throughout the liquefied natural gas (LNG) supply chain, heavy industries such as refineries, ammonia production facilities, steel plants, glass, cement and other industries with large process and thermal loads, and the marine sector.
CO2 View understands each StormFisher facility can produce enough e-methane to lower the carbon emissions from over 60,000 homes, or enough e-methanol to fuel a container ship transporting 350,000 cargo containers from Europe to the US.
