Sunfire raises over €500M to boost European's green hydrogen economy
Sunfire's pressurised alkaline and high-temperature solid oxide electrolysis technologies offer a scalable and efficient means of producing green hydrogen. #hydrogen #Hydrogen
https://tech.eu/2024/03/05/sunfire-raises-over-500m-to-boost-european-s-green-hydrogen-economy//
Sunfire raises over €500M to boost European's green hydrogen economy
German electrolyser manufacturer Sunfire announced today that it has raised €215 million in a Series E equity financing round, further complemented by a term loan of up to €100 million provided by the European Investment Bank (EIB). In addition, Sunfire has access to approx. €200 million from previously approved, undrawn grant funding to support its growth. This makes Sunfire one of the best-capitalised electrolyser manufacturers in the industry. In total this brings funding to over €500…