While green hydrogen is urgently needed to decarbonize, electrolyzers are still in limited supply. Only a handful of companies are capable of producing systems on an industrial scale. With a team of 400 specialists and a track record of more than 70 realized projects, Sunfire is among the sector leaders. The company is already increasing its production capacity from megawatt to gigawatt scale, providing key industrial players with large-scale hydrogen generation plants. Amazon’s investment supports Sunfire’s scaling plans.
“Amazon is committed to being net-zero carbon across our operations by 2040. In pursuit of that commitment, we are proud to be investing in visionary companies like Sunfire through our Climate Pledge fund,” said Kara Hurst, Vice President for Worldwide Sustainability at Amazon. “Green hydrogen is an especially important piece of the clean energy puzzle in Europe, and Sunfire’s innovative products can help scale its production across the continent.”
With this investment, Sunfire has secured further capital for the industrialization of its hydrogen technologies. Just this spring, the company had closed a €195 million Series D round. In addition, Sunfire is to receive grant funding under the “Important Projects of Common European Interest (IPCEI)”.