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StormFisher Hydrogen secured $30 million in funding from ARC Financial to develop e-fuel production facilities.

Mar 04, 2024•over 1 year ago

Amount Raised

$30 Million

TorontoBiomass EnergyRenewable EnergyOil And GasEnergyManufacturing

Investors

Arc Financial Corp.

Description

StormFisher Hydrogen, a low carbon fuel facility development company, has secured a $30 million investment from ARC Financial Corp. The funding will be used to develop an existing pipeline of projects in the United States and Canada. The capital infusion from ARC Financial accelerates StormFisher Hydrogen's developments that will produce electrolysis-based fuels including clean hydrogen, e-methane, e-methanol, and green ammonia.

Company Information

Company

StormFisher Hydrogen

Location

Toronto, Ontario, Canada

About

StormFisher Hydrogen is a low carbon fuel facility development company, focusing on the production of renewable electricity-derived fuels, also called e-fuels, to meet the expanding demand for low carbon fuels. The company develops, owns, and operates electrolysis-based clean fuel production facilities.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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