Sunfire SE

Sunfire SE, based in Germany, specializes in manufacturing advanced electrolysis technologies that generate green hydrogen, addressing energy transition challenges for various industries. Founded in 2010 and headquartered in Dresden, Germany, Sunfire SE focuses on producing innovative electrolysis systems. The company has completed 12 deals and recently raised EUR 200 mn in a Grant funding round led by GIC, with participation from LGT Bank, Ahren Innovation Capital, and Carbon Equity, bringing the total amount raised to EUR 215 mn. The leadership team includes CEOs Luca Cirafici, Nicolas Broccard, and Nils Aldag.

Sunfire specializes in the production of advanced electrolysis technologies for the generation of green hydrogen. Their core product offerings include the Sunfire-HyLink Alkaline Electrolyzer (AEL) and the Sunfire-HyLink Solid Oxide Electrolyzer Cell (SOEC). These electrolysis systems leverage technology to convert renewable energy sources into hydrogen, targeting industrial manufacturers and energy providers, particularly in Europe, including Spain and Finland, where partnerships for large-scale hydrogen projects have been established. In the most recent year of 2023, Sunfire reported a revenue of EUR 28,090,703.

80 and an EBITDA of EUR -55,568,340. 30. The company generates revenue primarily through B2B transactions with industrial clients and energy companies seeking hydrogen solutions, engaging in long-term contracts for the supply and installation of its electrolysis systems. Sunfire SE aims to utilize the recent EUR 200 mn Grant funding to support the development of new electrolysis products and expand into new markets, particularly targeting regions in Europe.

The strategic focus includes enhancing partnerships for large-scale hydrogen projects and advancing their technology to meet the growing demand for sustainable energy solutions.