Sunfire celebrates 100 million loan

The Dresden-based company Sunfire sees its commitment to green hydrogen confirmed by a loan from the European Investment Bank EIB. On Friday, the cooperation was once again ceremoniously sealed in Dresden. The EIB is granting Sunfire a loan of up to 100 million euros. The company intends to use this to expand its position in the field of electrolysis technologies. With the loan, the EIB and Sunfire are taking an "important step towards a greener, more industrial and more resilient Europe", it said

"The EU is determined to make its industry fit for the future. This requires a two-pronged approach," explained Sunfire Managing Director Nils Aldag. On the one hand, energy-intensive industries must be supported in reducing their CO2 emissions and improving their productivity. At the same time, it is important to help companies like Sunfire remain competitive on the global market. The loan gives the company the confidence to expand production of the next generation of electrolysers.

Saxony's Economics Minister Martin Dulig (SPD) called the Sunfire team "an excellent example of the head start East Germany's movers and shakers are gaining with ideas, impetus and innovations in future fields such as the hydrogen economy". The Dresden-based company is passionate about its technology and is driving forward the green transformation of the European energy sector. The market ramp-up of electrolysers in Europe and its financing are essential for strengthening the resilience of Europe as an industrial location.

The EIB is the European Union's long-term financing institution. Its shareholders are the member states. The bank lends funds for investments that contribute to the EU's core objectives. EIB projects are intended to strengthen the EU's competitiveness and sustainable development. Sunfire is, by its own account, a leading global electrolysis company. It employs more than 650 people at sites in Germany and Switzerland