StormFisher secures $50m from Hy24 to advance hydrogen and e-fuel projects
Hydrogen investment fund Hy24 has committed $50m to StormFisher Hydrogen to support its 1.8GW North American project pipeline.
Hydrogen investment fund Hy24 has committed $50m to StormFisher Hydrogen to support its 1.8GW North American project pipeline.
Its top holdings include Contemporary Amperex Technology (8.2%), Air Products & Chemicals (7.15%), Asahi Kasei Corp (7%) and Linde (6.80%).
The hydrogen boom of 2021–22 may have been fuelled by ambition, but its future will be determined by pragmatism.
By 2030, Mantle8 aims to find 10 million tonnes of natural hydrogen using its scalable technology.
FuelCell Energy wants to demonstrate 100% efficiency and leverage nuclear heat to reduce hydrogen costs by up to 30%.
“Within [the IRA] there is 45Q [tax credit] which pre-dates the IRA,” Lamba told investors. “About 90% of the projects that we are developing in the US are looking at 45Q.”
“We are having those active conversations, focusing largely on Asia, Japan, Korea, on potential equity partnerships.”
According to SunHydrogen’s CTO Dr. Syed Mubeen, the company now aims to refine its design and increase efficiency beyond 10%.
The ammonia-to-power solutions provider said it would open an office in Pangyo Techno Valley to bring it closer to investors and key maritime and hydrogen supply chains.
Spot pricing offers Plug clients lower costs, transparency, and flexibility while enabling Plug to maximise peak prices during high demand, expand its customer base, and boost market liquidity.
