©Sunfire Frank Posnanski
©Sunfire Frank Posnanski

Sunfire appoints new Chief Financial Officer as it prepares to scale

Alkaline electrolyser company Sunfire has appointed Frank Posnanski as Chief Financial Officer (CFO).

Posnanski’s role will be effective from March 1 (2023) and he succeeds Stephan Garabet.

Together with CEO Nils Aldag, Christian von Olshausen, CTO, and Bernhard Zwinz, COO, Posnanski will further drive the scaling of Sunfire’s electrolyser business.

Frank Mastiaux, Chairman and Advisory Board at Sunfire, said, “As Sunfire continues to grow at fast pace, Frank will decisively support us with his deep financial expertise and will further expand our finance division as we aim to scale strongly.”

Former CFO Garabet played an important role in raising significant equity and government funding and managing the acquisition of Sunfire’s production site in Solingen.

Earlier this month (February), Sunfire announced progress on the Kopernikus P2X project following the commissioning of a high temperature electrolyser.

The Germany-based project will convert renewable electricity into other forms of energy, such as green hydrogen or renewable fuels.

Read more:  Sunfire commissions high temperature electrolyser to P2X project

Sunfire was recently commissioned by Uniper to build a pressurised alkaline electrolysis plant in Sweden, which will generate green hydrogen using renewable electricity and purified wastewater.

Read more:  Sunfire to build 30MW electrolyser for Uniper’s Project Air

Last year, Sunfire announced it is providing an electrolyser for a 20MW hydrogen production project in Finland.

Developed by P2X Solutions, the green hydrogen produced will enrich Finland’s hydrogen economy and support the wider integration of the clean energy carrier into multiple sectors and industries.

Read more: Sunfire to provide electrolyser for 20MW hydrogen production project in Finland

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