German electrolyser maker Sunfire GmbH has at its disposal roughly EUR 500 million (USD
542.4m) in fresh capital to speed up its growth by enhancing the development of its products in a
bid to meet the growing demand for electrolysis technologies.
The Dresden-based company said on Tuesday it has raised EUR 215 million in a Series E equity
financing round through which LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon
Equity have joined as new investors. Some existing shareholders have also participated in the
round and lifted their investment in the company. Among them are Lightrock, Planet First Partners, Carbon Direct Capital, the Amazon Climate Pledge Fund, and Blue Earth Capital.
https://renewablesnow.com/news/electrolyser-maker-sunfire-pockets-eur-500m-to-scale-up-growth-850526/
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