Hy24 enters North America with StormFisher investment
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
Leading European hydrogen investment fund manager Hy24 is set to enter the North American market with a $50m investment in clean fuels developer StormFisher Hydrogen. StormFisher’s project pipeline includes US facilities in Texas, Kansas and Minnesota, as well as in Ontario, Canada. The portfolio includes capacity to convert up to 1.8GW of solar and wind power to green hydrogen, e-methanol, green ammonia and e-methane, with ambitions to supply European and Asian markets. The company’s most advanced project is an e-methanol facility in north Texas with a capacity of more than 120,000t/yr. FID on the project is expected in early 2026. “We are pleased to make our first direct investment in Nort
Also in this section
25 April 2025
Strategically located salt caverns can provide high volume storage for Germany and neighbouring countries, says Federal Ministry of Economics and Climate Protection
23 April 2025
Gulf state signs agreement with multiple partners aimed at creating large-scale liquid hydrogen supply chain into the Netherlands and Germany
23 April 2025
Scheme will fund up to 345MW of electrolyser capacity through direct grants for up to ten years
23 April 2025
Government cites slower than expected market development but stands by plan to offer €4b of subsidies to projects aimed at industry
