Sunfire has secured more than €500m ($542m) via grants and new investors to scale-up its green hydrogen technologies.
The German company announced it had raised €215m ($233m) in a Series E equity financing round, complemented by a term loan of up to €100m ($108m) provided by the European Investment Bank (FIB). In addition, Sunfire has access to approximately €200m ($216m) from previously approved grant funding.
The statement released by the company said the funding makes Sunfire one of the “best capitalised electrolyser manufacturers in the industry.”
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