German hydrogen electrolyser maker Sunfire 'could soon be valued at more than €1bn': report
Solid-oxide specialist in negotiations with investors over €200m financing round, according to business daily Handelsblatt
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“With regard to our further financing, we currently have nothing to announce. Of course, as a rapidly growing company, we are in constant contact with investors,” a Sunfire spokesperson told Handelsblatt.
The Dresden-based company was launched in 2010 and was a pioneer in high-temperature solid-oxide electrolysers (SOE) — which can produce up to 30% more hydrogen per kWh of electricity than alkaline or PEM machines when utilising waste heat from industrial processes.
Pressurised alkaline electrolysers are said to be as efficient and able to quickly ramp up and down in line with variable renewables supply as PEM machines, but cheaper to produce, without the need for expensive iridium and platinum catalysts.
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