US electrolyser manufacturer Electric Hydrogen has completed the acquisition of Ambient Fuels, a developer specialised in hydrogen projects in the United States. This transaction strengthens the company’s ability to co-develop with industrial clients by integrating Ambient Fuels’ expanded portfolio of production sites and development expertise. Finalised in May, the deal also establishes a strategic collaboration with Generate Capital, which has committed up to $400 mn in project financing.
An integrated response to hydrogen cost
This partnership combines Electric Hydrogen’s high-power electrolyser technology with Generate Capital’s infrastructure financing capabilities. The stated aim is to provide integrated solutions enabling a competitive Levelized Cost of Hydrogen (LCOH) at an industrial scale. The modular HYPRPlant system, based on proton exchange membrane (PEM) electrolyser technology, is central to this strategy. Built in the United States and delivered as pre-assembled units, the system aims to cut installation costs by up to 60 %.
Global project financing capacity from 2026
Generate Capital, a former investor in Ambient Fuels, has positioned itself as a key player in low-carbon molecule investment, addressing financing and bankability challenges in the hydrogen sector. Capital deployment for Electric Hydrogen’s clients is set to begin in 2026. This model offers industrial clients the choice between turnkey plant development or direct procurement of renewable hydrogen, without the need to build or operate their own facilities.
Strengthening in-house development capabilities
Jacob Susman, former chief executive officer of Ambient Fuels, now leads project development at Electric Hydrogen. His team brings US market experience to support industrial clients seeking outsourced renewable hydrogen production. The transaction is designed to accelerate the industrialisation of renewable hydrogen by combining proprietary technology, strategic deployment, and dedicated capital.
