sunfire GmbH, a Dresden, Germany-based developer and producer of reversible high-temperature electrolysers(RSOC) and high-temperature fuel cells (SOFC), completed a further round of eight digit financing.
The round was led by private investors (called the “sunfire Entrepreneurs’ Club”) and Inven Capital with participation from existing investors Total Energy Ventures and Electranova Capital, managed by Idinvest Partners and sponsored by EDF Group, as well as founders Carl Berninghausen (CEO), Christian von Olshausen (CTO) and Nils Aldag (CFO).
The company intends to use the funds for future market development and product industrialization.
Founded in 2010, sunfire develops and produces high-temperature electrolysis cells (SOECs) and high-temperature solid oxide fuel cells (SOFCs), which facilitate the generation of electric power and heat – according to the principle of cogeneration – on-demand at the point of consumption. The hydrogen produced can either be converted into fuels using the sunfire Power-to-Liquids process or used without further processing in the H2mobility or industrial sectors.