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Sunfire raised over €500M in a Series E equity financing round and a term loan by the European Investment Bank to boost the European green hydrogen economy.

PRIVATEMar 05, 2024

Amount Raised

€500 Million

Round Type

Series E

DresdenManufacturingEnergyRenewable Energy

Investors

Blue Earth CapitalAmazon Climate Pledge FundCarbon Direct CapitalPlanet First PartnersLightrockCarbon EquityAhren Innovation CapitalGICLgt Private Banking

Description

Sunfire, a German electrolyser manufacturer, announced a Series E equity financing round of €215 million, complemented by a term loan of up to €100 million from the European Investment Bank. In addition, Sunfire has access to approximately €200 million in undrawn grant funding, bringing the total funding to over €500 million. This significant funding will further boost Sunfire's critical role in ramping up the hydrogen economy by installing several gigawatts of electrolysis equipment by 2030 in large-scale green hydrogen projects.

Quick answer

Sunfire raised €500 Million in a Series E round, dated March 5, 2024. Investors: Blue Earth Capital, Amazon Climate Pledge Fund, Carbon Direct Capital, Planet First Partners, Lightrock, Carbon Equity, Ahren Innovation Capital and GIC. Sunfire is based in Dresden, Saxony, Germany.

How much did Sunfire raise?
Sunfire raised €500 Million in a Series E round on March 5, 2024.
Who invested in Sunfire?
Blue Earth Capital, Amazon Climate Pledge Fund, Carbon Direct Capital, Planet First Partners, Lightrock, Carbon Equity, Ahren Innovation Capital and GIC are named as investors in this round.
What does Sunfire do?
Established in 2010 and based in Dresden, Germany, Sunfire is a world-leading industrial electrolysis company with two differentiated technologies.
Where is Sunfire based and how big is it?
Sunfire is based in Dresden, Saxony, Germany.
Who are the decision-makers at Sunfire?
Fundz holds 1 contact at Sunfire. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Sunfire

Location

Dresden, Saxony, Germany

About

Established in 2010 and based in Dresden, Germany, Sunfire is a world-leading industrial electrolysis company with two differentiated technologies. We develop and manufacture electrolyzers based on SOEC and Alkaline technologies that enable a truly sustainable and cost-effective production of renewable hydrogen, syngas and e-Fuel. Sunfire has been named Global Cleantech 100 company for six consecutive years and is backed by leading strategic and financial investors such as Neste and SMS Group – global leaders in the renewable fuel and steel business. With more than 500 employees located in Germany and Switzerland and a well-established partner network, we realize large electrolysis projects to deliver on our promise: Creating a world without fossil fuels!

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