In Massachusetts, Electric Hydrogen, a U.S. manufacturer of advanced electrolyzers, announced it has acquired Ambient Fuels, an hydrogen project developer.
As part of the transaction, Electric Hydrogen also entered into a strategic relationship with Generate Capital, an infrastructure investment platform and former investor in Ambient Fuels, to offer up to $400 million in hydrogen project finance solutions around the globe.
This complementary relationship combines Electric Hydrogen’s electrolyzer technology with project financing to create attractive offerings for customers seeking the lowest levelized cost of hydrogen (LCOH). The combination of project development expertise and financing also enables Electric Hydrogen to originate, buy and sell large-scale clean hydrogen projects.
“Generate Capital is determined to accelerate the transition to low-carbon molecules by offering leading project finance capabilities in close collaboration with skilled developers and innovative technologies,” said Scott Gosselink, Managing Director at Generate Capital. “Working with Electric Hydrogen, we can help solve current finance and bankability challenges and reduce LCOH, enabling more hydrogen projects to reach Final Investment Decision.”
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