Sunfire's Green Hydrogen Revolution

Sunfire, a German electrolyzer manufacturer, has secured over €500 million in funding to boost Europe's green hydrogen economy. The funding includes a Series E equity financing round of €215 million and a term loan of up to €100 million from the European Investment Bank. With access to approximately €200 million in grant funding, Sunfire is well-positioned to accelerate the growth and industrialization of its green hydrogen technologies. Led by CEO Nils Aldag, Sunfire's pressurized alkaline and high-temperature solid oxide electrolysis technologies are key enablers of the transition to renewable energy. The company aims to install several gigawatts of electrolysis equipment by 2030, securing a leading position in the global electrolyzer market. Investors like LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity, along with existing shareholders, have shown confidence in Sunfire's vision and capabilities. The transaction is expected to close in Q2 2024, signaling a significant step towards a more sustainable future for Europe's clean-tech industry.