Sunfire, a Dresden-founded developer and manufacturer of electrolysers and fuel cells, has raised €25 million in a funding round led by Luxembourg-based Paul Wurth S.A., with participation from INVEN Capital, Idinvest Partners, Total Energy Ventures and the “Sunfire Entrepreneurs Club.” The company plans to use the fresh funding to implement “commercial multi-megawatt projects” in 2019.

Sunfire is working on technologies that allow the production of climate-neutral fuels for heavy load transportation, aviation, steel industry, and chemical industry, which nowadays mostly use fossil energy sources. Namely, it allows to produce hydrogen “on green electricity in an efficient high-temperature electrolyser, using waste heat generated for example by industrial processes,” the company explained in a press release.

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