Sunfire receives 200 million euros in guarantee financing

Sunfire drives industrial scaling forward with new financing. Guarantees from the federal government and the state of Saxony strengthen hydrogen technology.

Dresden, January 8, 2025 - Dresden-based Sunfire, a specialist in electrolysis technology, has secured €200 million in guarantee financing. The financing package was provided by a banking syndicate led by Commerzbank and includes partners such as Société Générale, BNP Paribas, LBBW and Ostsächsische Sparkasse Dresden.

Focus on manufacturing and industrial scaling

Guarantee financing is used to secure customer advance payments as well as warranty and contract fulfillment obligations. It is a key instrument for Sunfire to increase financial efficiency. In future, the company will no longer have to deposit its own funds as collateral and can therefore invest advance payments received directly in the production of electrolysers.

Public guarantees strengthen financing

80 percent of the financing amount is secured by parallel guarantees from the federal government and the Free State of Saxony. The remaining 20 percent is borne by the banks. This structure demonstrates the confidence of politicians and the financial sector in the importance of hydrogen technology for the energy transition.

This guarantee line enables us to implement our projects more efficiently and drive forward industrial scaling. It is a strong signal that Germany is determined to support pioneering technologies.

Frank Posnanski, CFO of Sunfire

Significance for the hydrogen economy

The financing line will be used specifically for the development of a future market. With the possibility of implementing several large-scale projects in parallel, Sunfire is contributing to the further development of the hydrogen economy in Europe.

Access to solid financing structures is crucial for resilient value chains in transformation technology. The parallel guarantees strengthen our technological and energy policy sovereignty.

Stefan Wenzel, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy

Sunfire was supported in the transaction by KPMG Debt Advisory and Clifford Chance.