German electrolyzer manufacturer, Sunfire, has raised EUR 215 million in a Series E equity financing round, accompanied by a term loan of up to EUR 100 million from the European Investment Bank (EIB).
This substantial funding, complemented by approximately EUR 200 million in previously approved grant funding, solidifies Sunfire’s position as one of the most well-capitalized electrolyzer manufacturers in the industry.
With the backing of new investors including LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity, Sunfire is poised to play a crucial role in accelerating the transition to a hydrogen-based economy.
In addition to welcoming new investors, Sunfire has witnessed increased investment from existing shareholders, further demonstrating confidence in the company’s vision and capabilities. Notable names such as Lightrock, Planet First Partners, Carbon Direct Capital, the Amazon Climate Pledge Fund, and Blue Earth Capital have reaffirmed their commitment to Sunfire’s growth trajectory.
European Investment Bank Backing
Securing a credit facility of up to EUR 100 million from the European Investment Bank underscores Sunfire’s financial resilience and strategic positioning in the market. This partnership not only enhances Sunfire’s capacity for development and industrialization but also aligns with the European Union’s ambition to future-proof its industry by supporting innovative clean-tech solutions.
Sunfire aims to deploy several gigawatts of electrolysis equipment by 2030, positioning itself as a leader in the global electrolyzer market.
