Sunfire Secures €109M in Series D Funding

Sunfire Company Site, Dresden (Copyright Sunfire)

Sunfire, a Dresden, Germany-based global leader in the development and production of industrial electrolyzers, secured €109m ($125mn) in Series D funding.

The round was led by Lightrock and Planet First Partners, and including Carbon Direct Capital Management, HydrogenOne Capital, and existing shareholders. 

The company intends to use the funds to further strengthen its position in the market for green hydrogen technologies.

Founded in 2010 by Nils Aldag, Christian von Olshausen and Carl Berninghausen, Sunfire is a global leader in the development and production of industrial electrolyzers based on alkaline and solid oxide (SOEC) technologies. The company pioneered the production of synthetic fuels via a so-called Power-to-Liquid (PtL) process. Through strategic company acquisitions, Sunfire has grown into a developer and manufacturer of electrolyzers – becoming a world-leader in high-temperature electrolysis (SOEC) and recently adding advanced pressurized alkaline electrolysis to its product portfolio to enable the transformation of carbon-intensive industries that are currently dependent on fossil-based oil, gas, or coal.

The company employs more than 270 people located in Germany, Norway, and Switzerland.