Quinbrook Acquires First Canadian Investment with Strategic Stake in Elemental Clean Fuels

Expands renewable and low carbon fuels portfolio with inaugural investment in Canada NEW YORK & VICTORIA, British Columbia–(BUSINESS WIRE)–Quinbrook (“Quinbrook”), a specialist global investment manager focused exclusively on delivering the infrastructure needed for the energy transition, today announced it has acquired a strategic ownership stake in Elemental Clean Fuels (“ECF”), a Canadian clean energy developer advancing scalable renewable fuels and decarbonization projects across the country. The investment marks Quinbrook’s first investment in Canada, expanding its North American footprint and reinforcing its commitment to building next-generation infrastructure in compelling transition related thematics that support decarbonization and sustainable impact. It also cements Elemental Clean Fuels as one of Canada’s most fully capitalized and execution-ready clean fuels platforms, with the scale and certainty to advance multiple commercial projects simultaneously. “ Our investment in Elemental Clean Fuels is a natural entry point into Canada’s clean energy economy and reflects our belief in the country’s potential to drive the global shift to low-carbon fuels. British Columbia, in particular, offers a rare combination of abundant renewable energy resources, access to Asian growth markets, Indigenous leadership, and regulatory support that makes it one of the most compelling regions globally for early green fuels deployment,” said Giulia Siccardo, Managing Director and Regional Leader for North America at Quinbrook. “The Elemental management team has an exceptional development track record and shares our commitment to partnering with local stakeholders to advance meaningful decarbonization projects.” Founded in 2023, Elemental Clean Fuels is focused on powering North America’s clean fuel economy through renewable fuels such as clean hydrogen, renewable natural gas (RNG), and other advanced fuels such as low carbon methanol – ensuring our industries, transportation networks, and communities have access to reliable clean fuel. With multiple projects currently underway across British Columbia and Alberta, there is a combined production potential of more than 500 tons per day of clean fuels – enough to replace the equivalent of approximately 145,000 cars or 1,400 heavy duty trucks using gasoline or diesel respectively. These progressive and forward looking infrastructure development projects are designed to serve both domestic and international industrial needs. Committed to both Indigenous partnerships and economic reconciliation, the ECF leadership team previously led the development of Cedar LNG, the world’s first Indigenous-majority-owned LNG export facility, developed in partnership with the Haisla Nation and currently under construction in Kitimat, British Columbia. ECF is continuing this model, working in partnership with Indigenous governments, municipalities, and industrial customers to deliver clean energy solutions that match community and market needs. “We’re thrilled to partner with Quinbrook. Our partnership with Quinbrook is a turning point – not just for Elemental Clean Fuels, but for Canada’s ambition to become a clean energy superpower. With Quinbrook’s backing, we have the capital, the scale, and the certainty to move quickly and deliver. We’re building a Canadian clean fuels platform that can compete globally – one that decarbonizes industry, creates high-quality jobs, strengthens energy security, and builds lasting partnerships with First Nations and local communities. This alliance puts ECF – and Canada – on the map as a credible, long-term force in the global energy transition,” said Zachary Steele, Chief Executive Officer of Elemental Clean Fuels. Quinbrook’s investment comes alongside Piney Point Capital, which has been the lead investor in ECF. “Having a best-in-class global infrastructure partner like Quinbrook allows Elemental Clean Fuels to accelerate the significant progress it has already made in developing key clean fuel infrastructure assets,” said Andrew Robbins at Piney Point Capital. “We are excited to partner with Quinbrook for the next phase of ECF’s portfolio execution and expansion.” The agreement includes a significant capital commitment from Quinbrook to fund ECF’s development pipeline. The majority stake will be acquired from ECF’s founders and lead investor Piney Point Capital. Following the transaction, both Piney Point and the founding team will remain as substantial minority shareholders and board members. This investment reflects growing international confidence in Canada as a strategic destination for clean energy development – and aligns directly with federal priorities to build Indigenous partnerships, decarbonize key sectors, and position Canadian clean fuels for global export. About Quinbrook Quinbrook is a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition. Led and managed by a senior team of energy industry professionals, Quinbrook is an accomplished asset creator and business builder that conceives, develops, constructs and operates a diverse array of innovative infrastructure projects and growth platforms. Since its founding in 2015, Quinbrook has invested in over 40 GW of energy infrastructure assets and businesses representing a total transaction value exceeding USD 27 billion spanning large-scale renewable power generation, biofuels production, long duration storage, hyperscale data centre infrastructure, AI powered asset optimisation, grid support and flexibility solutions in North America, the UK/Ireland and Australia. About Elemental Clean Fuels Elemental Clean Fuels is building the next generation of clean energy infrastructure across Canada. With a focus on Indigenous partnership, energy security, and scalable real-world impact, ECF is delivering renewable fuels that decarbonize transportation, industry, and municipal energy systems—supporting Canada’s clean growth strategy and global leadership in low-carbon energy exports. About Piney Point Piney Point Capital is an innovative investment firm focused on providing transformational growth capital to companies and projects across North America and Europe. Piney’s value-add approach targets growth investments across the Energy, Agriculture and Transportation sectors. Piney Point portfolio companies have become leaders in the hydrogen, carbon capture, chemical recycling & battery storage markets alongside key strategic partners Contacts Quinbrook Media Contact: Jennifer Pflieger +1 (212) 446-1866 jpflieger@sloanepr.com Elemental Clean Fuels Media Contact: Victoria Sewell +1 (416) 709-9217 vsewell@counselpa.com Der Beitrag Quinbrook Acquires First Canadian Investment with Strategic Stake in Elemental Clean Fuels erschien zuerst auf subcablenews.com .