ESG Today writes that Dresden-based Sunfire was founded in 2010 and it manufactures industrial electrolyzers aimed at accelerating the production of green hydrogen and syngas (synthetic gas) to replace fossil fuels from the polluting industries. The company's proprietary hydrogen generation technologies are scalable and more efficient than others on the market, making them attractive for industry members who want to lower their footprint on the planet.

Sunfire officials explained that they want to deploy several gigawatt production units by 2030 in large-scale green hydrogen projects, which can also use captured CO2 emissions to produce syngas.

Sunfire CEO Nils Aldag said that "this substantial financing round is good news for Europe’s leading role in hydrogen production and for the European clean-tech industry. With this new capital, we are uniquely positioned to further accelerate our company’s growth and industrialization plans to meet the fast-growing demand for electrolysis technologies."

Ahren Innovation Capital and Carbon Equity are among the new investors who participated in the 215 million euros financing round.