Sunfire secures $125M Series D funding for to further develop electrolyzers

In Germany, Sunfire, a global leader in the development and production of industrial electrolyzers, has secured $125 million of new funding in its Series D round from a consortium of investors led by Lightrock and Planet First Partners, and including Carbon Direct Capital Management, HydrogenOne Capital, and existing shareholders. The new investment will further strengthen Sunfire’s leading position in the rapidly growing market for green hydrogen technologies.

Sunfire has recently announced plans to scale its alkaline electrolysis business, building a large-scale electrolyzer production site in Germany with an annual manufacturing capacity of 500 MW by 2023 – with a further extension to gigawatt-scale already in planning.

Simultaneously, Sunfire will drive the development of its game-changing solid oxide (SOEC) electrolyzers. SOEC technology is set to change the scale of hydrogen production through both greater efficiency and its unique capability of producing ‘syngas’. Syngas, a mixture of hydrogen and carbon monoxide, can be converted into everything currently produced from fossil crude oil, such as jet fuel, diesel or waxes, but without the harmful emissions that come from using fossil fuel feedstocks.