Sunfire secures €200m financing to scale electrolysis technology
German electrolysis manufacturer Sunfire has secured €200 million ($207.6 million) in guaranteed financing to advance its electrolysis technology. The financing is provided by a consortium led by Commerzbank, including Société Générale, BNP Paribas, LBBW, and Ostsächsische Sparkasse Dresden. The commitment reflects strong support from financial institutions and policymakers for the scale-up of climate technology. The financing will be used to secure customer advance payments and fulfil contract and warranty obligations. Sunfire’s CFO, Frank Posnanski, highlighted…