Generate Capital invests $250M in Ambient Fuels

In California, Generate Capital announced it has made an investment in Ambient Fuels, a pioneering developer that builds green hydrogen projects to support the decarbonization of heavy industries and transportation. 

The agreement includes a commitment to fund up to $250 million of green hydrogen infrastructure. 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 centers. 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.