Sunfire increases its Series D capital raising to EUR 195 m (USD 215 m), partnering with Copenhagen Infrastructure Partners (CIP) and Blue Earth Capital (BlueEarth). The electrolysis company benefits from the unique partnership by entering into a framework agreement with CIP for its alkaline electrolyzers alongside growth and climate impact expertise from BlueEarth.
With the EU set to significantly increase its targets for renewable hydrogen to reduce fossil fuel dependency, key players in the energy market are rising to the challenge. Sunfire is rapidly expanding its manufacturing capacity and has raised further funds to enable the scaling of its hydrogen technologies. Following an initial EUR 109 m (USD 125 m) capital raise in October 2021, Sunfire has secured two additional partners in a second Series D round, to reach a total raise of EUR 195 million (USD 215 m).
Metzler Corporate Finance acted as exclusive financial adviser to Copenhagen Infrastructure Partners.
Please read Sunfire's press release.