A low-carbon fuel facility development company StormFisher raised USD 30 million in investment. The round took place on March 4, 2024. ARC Financial Corp provided the investment to the firm.
Purpose of financing for StormFisher
With the latest financing, StormFisher seeks to develop an existing pipeline of projects in the United States and Canada.
What the company’s official has to add
Jud Whiteside, CEO of StormFisher Hydrogen, said, “We’re excited to bring our depth and expertise in low carbon fuel facility development to support global organizations seeking to reach net zero emissions. 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 decarbonization potential of e-fuels for organizations across the globe.”
What the investors have to comment
Nishka Gupta, Chair of the Board of StormFisher Hydrogen and Senior Vice-President at ARC Financial, further added, “With its seasoned team and proven track record of developing successful projects, StormFisher Hydrogen is well positioned to lead the market as demand for hydrogen-derived fuels accelerates.
In addition, Brian Boulanger, CEO at ARC Financial, said, “StormFisher represents our first investment from ARC Energy Fund 10, which is focused on the energy transition, highlighting our commitment to StormFisher Hydrogen.”
ARC Financial Corp. was established in 1989 with the goal of creating high-achieving companies that meet global energy and sustainability demands. ARC has invested in over 180 energy-related firms and has raised over $6.3 billion through eleven energy-focused funds to date. The two newest funds from ARC, ARC Energy Fund 10 and ARC Energy Fund 11, are specially positioned to help Canadian business owners operating in North America’s energy sector. While ARC Energy Fund 11 is concentrated on Canadian oil and gas opportunities, which will continue to be crucial in meeting the world’s energy demands through the energy transition, ARC Energy Fund 10 is focused on infrastructure development and energy services & manufacturing opportunities.
About the company
StormFisher Hydrogen Ltd. designs builds and manages clean fuel generation facilities based on electrolysis. StormFisher meets the needs of historically difficult-to-decarbonize sectors by providing a sustainable and dependable fuel supply based on its proven track record of establishing and managing clean fuel plants. The company creates local energy security and offers the export potential to Asia Pacific and European markets by producing green ammonia, e-methane, e-clean hydrogen, and e-methanol.
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