On May 17, 2023, Generate Capital, a leading sustainable infrastructure investment and operating company, announced it made an investment in Ambient Fuels, a pioneering developer that builds green hydrogen projects to support the decarbonization of heavy industries and transportation. 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 agreement between Generate Capital and Ambient Fuels includes a commitment to fund up to $250 million of green hydrogen infrastructure.

Wilson Sonsini Goodrich & Rosati advised Ambient Fuels on the transaction. The team was led by Scott Zimmermann, Bob O’Connor, Jason Slagle, TJ Li, and Jessica Remlinger.

For more information, please see the press release.