Infrastructure fund Generate Capital has recently invested US$250 million in green hydrogen developer Ambient Fuels, providing crucial financial support for the company's expanding portfolio of projects. Ambient Fuels specializes in tailor-made green hydrogen solutions, overseeing all aspects of project development, design, financing, and construction for its renewable hydrogen centers. Their technology-agnostic approach enables them to collaborate with various renewable energy sources, contributing to large-scale decarbonization efforts.
Ambient Fuels boasts a highly experienced team with expertise in both conventional and renewable energy, as well as industrial and chemical processes. This depth of knowledge positions the company to provide comprehensive development and technical support.
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The collaboration between Ambient Fuels and Generate Capital is expected to yield significant benefits. Jacob Susman, CEO of Ambient Fuels, expressed his enthusiasm about partnering with Generate, emphasizing the access to capital and a trusted strategic partner that will contribute to their long-term success. Susman further emphasized that the collaboration will enable them to better serve their customers' unique needs and provide the green hydrogen facilities required for decarbonization initiatives.
Scott Jacobs, co-founder and CEO of Generate Capital, highlighted the organization's decade-long track record of collaborating with leading project developers and technology companies to de-risk, expedite, and scale sustainable infrastructure. Jacobs expressed excitement about working alongside the Ambient Fuels team, with the shared goal of delivering effective and cost-competitive solutions to emission-intensive sectors that have traditionally faced challenges in decarbonization.
Overall, this investment from Generate Capital will empower Ambient Fuels to continue its growth trajectory and support the development of sustainable infrastructure for a greener future.
