Sunfire has secured further investment and will provide its pressurised alkaline electrolyser for clean hydrogen production to Copenhagen Infrastructure Partners (CIP) as part of a new deal.
The Dresden-based company on Thursday (March 24) said it had increased its Series D capital raising to €195m ($215m) by partnering with CIP and Blue Earth Capital (BlueEarth) as it looks to scale its electrolyser technologies.
CIP has now confirmed it will scale its power-to-x projects with the Sunfire technology and has entered into a framework agreement to purchase the company’s electrolysers with a total capacity of up to 640MW.
Welcoming the support, Nils Aldag, CEO of Sunfire, said, “This agreement adds huge value for all parties involved. While CIP can rely on the most advanced electrolysis technology and our highly dedicated expert team, we showcase our ability to deliver commercially scalable projects.”
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