US clean fuel producer secures $50 million investment from Hy24

Clean fuels producer and developer StormFisher Hydrogen has secured a $50 million commitment from Hy24’s Clean Hydrogen Infrastructure Fund, a low-carbon hydrogen asset manager, to boost its clean fuel production projects in North America.

Through the strategic partnership with Hy24, StormFisher aims to accelerate its projects pipeline, reach final investment decisions (FIDs), and catalyze the transition to low-carbon energy solutions.

The company’s current project pipeline includes several facilities across the United States (Texas, Kansas, Minnesota) and Canada (Ontario region). Together, the projects will have the capacity to convert up to 1.8 GW of renewable energy from solar and wind into RFNBO e-fuels such as green hydrogen, e-methanol, green ammonia, and e-methane.

According to StormFisher, the most advanced project, which is located in North Texas, is expected to reach FID in early 2026 and will have an e-methanol production capacity of more than 120,000 tonnes per year.

Earlier this month, the company invited maritime, refining, petrochemical, aviation, and other parties to participate in its Expression of Interest (EOI) for the procurement of clean methanol volumes from the 200 MW facility.