Sunfire raises money again

The start-up wants to replace fossil raw materials with renewable energies and has increased its Series D financing round to 195 million euros.

The Dresden-based start-up Sunfire was able to increase its Series D financing round to 195 million euros. The startup had already received 109 million euros in October 2021. The two new investors in the round are Copenhagen Infrastructure Partners (CIP) and Blue Earth Capital. Existing investor Carbon Direct Capital Management is also investing in the company again.

"The current political situation is a strong reminder to us of how fast the market for green hydrogen needs to grow," says Sunfire CEO Nils Aldag. Aldag founded the start-up together with Christian von Olshausen and Carl Berninghausen in 2010. Sunfire now employs 370 people in Germany and Switzerland. The start-up develops electrolysers. These devices can be used to produce green hydrogen and synthesis gas.

At the same time as the financing, Sunfire concludes a framework agreement with its new investor CIP. Under the terms of the agreement, CIP will be able to use Sunfire's electrolysis facilities in the future. The fund company needs access to them in order to implement renewable energy projects.