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    Hy24 Pours $50M into StormFisher Hydrogen's E-Fuels Projects Planned in U.S., Canada

    Feb. 13, 2025
    Altogether, the planned StormFisher Hydrogen facilities would create e-fuels from up to 1.8 GW of renewable energy generation such as wind and solar. Those lower carbon fuels would include green hydrogen, e-methanol, ammonia and e-methane.
    Image credit StormFisher Hydrogen
    67ae189f201ecdc9af9b847b Stormfisher H2

    Hydrogen-focused private asset investor Hy24 is committing $50 million to startup StormFisher Hydrogen’s new project plans for North America.

    The funding, which comes from Hy24’s Clean Hydrogen Infrastructure Fund, will help StormFisher push forward for its zero or low-emission fuels projects. These include planned e-fuel facilities in Texas, Kansas, Minnesota and Canada.

    Altogether, the planned StormFisher Hydrogen facilities would create e-fuels from up to 1.8 GW of renewable energy generation such as wind and solar. Those lower carbon fuels would include green hydrogen, e-methanol, ammonia and e-methane.

    “This collaboration with Hy24 enables us to advance projects in our pipeline and reinforces our role as a leader in project development,” said Judson Whiteside, President and CEO of StormFisher Hydrogen. “We bring a lot of value and long-term jobs to the communities we are developing in, while increasing molecule exports to Europe and Asia. With cutting-edge energy infrastructure and highly skilled workforce, the United States is poised to lead the global low-carbon fuels market. Our projects strengthen America’s position in the energy transition while enhancing domestic energy resilience and independence.”

    Energy dense but low or zero-carbon fuels such as hydrogen and ammonia are being adapted to aid in decarbonization of the transportation, shipping and on-site power generation sectors. Hydrogen does not contain carbon in its molecular chain, but to be classified as green hydrogen it must be split from water using electrolyzers powered by carbon-free resources such as solar, wind, hydro or nuclear.

    StormFisher’s project in north Texas is expected to reach final investment decision in early 2026 and will have an e-Methanol production capacity of more than 120,000 tons per year.

    Hy24 was launched by former hydrogen industry executives as a means to finance future e-fuels projects. It is a joint venture between private investment firm Ardian and FiveT Hydrogen, with more than U.S$2 billion in funding capacity.

    The leadership team behind Hy24 includes CEO Pierre-Etienne Franc, founder of FiveT Hydrogen and former chair of Hydrogen Europe. President of Hy24’s private equity team is Laurent Faylollas, a longtime leader in infrastructure investment at Ardian.

    Stormfisher Hydrogen, part of biofuels infrastructure developer StormFisher, last year secured $30 million from ARC Financial and $4.5 million from Natural Resource Canada to undertake an e-fuels facility in Ontario.

     

    About the Author

    Rod Walton, EnergyTech Managing Editor | Senior Editor

    For EnergyTech editorial inquiries, please contact Managing Editor Rod Walton at [email protected].

    Rod Walton has spent 15 years covering the energy industry as a newspaper and trade journalist. He formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    Walton earned his Bachelors degree in journalism from the University of Oklahoma. His career stops include the Moore American, Bartlesville Examiner-Enterprise, Wagoner Tribune and Tulsa World. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids. The C&I sectors together account for close to 30 percent of greenhouse gas emissions in the U.S.

    He was named Managing Editor for Microgrid Knowledge and EnergyTech starting July 1, 2023

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.

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