Sunfire GmbH

20 electrolyzer manufacturers and suppliers, including Sunfire, Nel Hydrogen, Siemens Energy and Thyssenkrupp Nucera, have joined forces to support the development of a green hydrogen economy in Europe. Together, the manufacturers signed a letter to the President of the European Commission, Ursula Von der Leyen. The clear appeal: restore fair competition and introduce “Made in Europe" standards for the industry.

Nils Aldag, founder and CEO of Sunfire, and Christian von Olshausen, founder and CTO of Sunfire, were awarded the Social Market Economy Prize (“Preis Soziale Marktwirtschaft”). The award by the Konrad Adenauer Foundation was presented for the 21st time and is aimed at individuals and institutions who have made outstanding contributions to the economic and social order.

The electrolyzer pioneer Sunfire has secured a term loan of up to EUR 100 million provided by the European Investment Bank (EIB). This strategic investment will propel the development and industrialization of its innovative SOEC electrolyzers. On June 7, Sunfire CEO Nils Aldag and EIB Vice-President Nicola Beer symbolically signed the agreement at Sunfire’s headquarter in Dresden.

The electrolysis manufacturer will provide a front-end engineering and design study for a large-scale hydrogen project in Europe.

Topping Out Ceremony for the 30 MW Pressurized Alkaline Electrolyser Building at the Bad Lauchstädt Energy Park.

In the climate-neutral energy industry, both electrolyzers and fuel cells will play a crucial role. With this context in mind, Sunfire has developed the two technologies in parallel. While both the electrolyzer and fuel cell markets have great potential for growth, they require distinctly different approaches. As a result, Sunfire is now spinning off its fuel cell business.

The German electrolyzer manufacturer announces a significant financial milestone with EUR 215 million raised in a Series E equity financing round, further complemented by a term loan of up to EUR 100 million provided by the European Investment Bank (EIB). In addition, Sunfire has access to approx. EUR 200 million from previously approved, undrawn grant funding to support its growth. This makes Sunfire one of the best capitalized electrolyzer manufacturers in the industry.

Finland's first industrial-scale electrolysis plant has been installed in Harjavalta, one year after the groundbreaking ceremony. The project partners expect production of green hydrogen in the second half of the year. A purchase agreement has already been signed.

Today, the Managing Director of Linde Engineering Dresden, the CEO of Sunfire and the Director of the Fraunhofer Institute for Ceramic Technologies and Technologies and Systems IKTS presented the "HyDresden" initiative to the public. The aim of the initiative is to position the city as an innovator and pioneer for green hydrogen technologies and to jointly promote the location internationally. One of the goals of HyDresden is to attract specialists in this field. With the foundation, the initiators are now joining forces.

As the year comes to a close, we look back with gratitude on some of our project highlights from the past 12 months. Our accomplishments already give us energy for an exciting and no less challenging year in 2024. Together, we will realize our vision of a world without fossil fuels. How are we doing it? With a realistic mindset - carefully considering the right steps in the right order. We take our steps with focus. We go the extra mile. We explore new and enlightening ways. Above all, we always strive to provide our customers with the best electrolysis technology for their large-scale green hydrogen production.