Infrastructure fund Generate Capital has made an US$250m investment in green hydrogen developer Ambient Fuels.
The funding supports Ambient Fuels’ fast-growing pipeline of projects.
Ambient Fuels offers custom-engineered green hydrogen solutions, overseeing every step of execution-from project development and design to financing and construction-of its renewable hydrogen centres.
The company’s technology-agnostic approach works with any renewable energy source to support decarbonization at scale.
With experience across both conventional and renewable energy as well as industrial and chemical processes, the Ambient Fuels team offers deep development and technical expertise, the company said.
Ambient Fuels chief executive Jacob Susman said: “Joining forces with a global sustainability leader such as Generate gives us access not only to the capital we need to grow our business but also to a trusted and strategic partner who is committed to our long-term success.
“Our collaboration with Generate Capital supercharges our ability to meet the unique needs of our customers by delivering the green hydrogen facilities they require for their decarbonization efforts.”
Co-founder and chief executive of Generate Capital Scott Jacobs said: “For the last decade, Generate Capital has been partnering with leading project developers and technology companies to de-risk, accelerate and scale innovative, sustainable infrastructure.
“We are excited to work with the team at Ambient Fuels to deliver effective and cost-competitive solutions to emission-intensive sectors that have traditionally been considered hard to decarbonize.”