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