Sunfire raises money again
The start-up wants to replace fossil fuels with renewable energies and has increased its Series D financing round to 195 million euros.
The Dresden-based start-up Sunfire has increased its Series D financing round to 195 million euros. The start-up 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. The existing investor Carbon Direct Capital Management is also investing in the company again.
"The current political situation is a stark reminder of how quickly 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. This provides for CIP to use Sunfire's electrolysis systems in the future. The fund company needs access to this in order to implement renewable energy projects.
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