Contacts

Dr. Jens Wolf

Partner

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Philipp Hoegl

Salary Partner

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Dr. Philipp Bergjans

Associate

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Contacts

Dr. Jens Wolf

Partner

Read More

Philipp Hoegl

Salary Partner

Read More

Dr. Philipp Bergjans

Associate

Read More

6 March 2024

Green hydrogen: Taylor Wessing advises existing investors on €500 million financing of Sunfire

Taylor Wessing has advised Eurazeo Global Investor, Aster Energy Ventures, SF Beteiligungs GmbH & Co. KG and Inven Capital on the Series E financing round of the German electrolysis company Sunfire GmbH. 

In the financing round, the Dresden-based cleantech start-up raised €215 million in new equity capital. In addition, there is venture debt financing from the European Investment Bank (EIB) of up to €100 million and approximately €200 million from already approved subsidies. The new investors include LGT Private Banking, GIC, Ahren Innovation Capital and Carbon Equity. Further existing investors have increased their investment. The transaction is subject to customary regulatory approvals and is expected to close in the second quarter of 2024.

Sunfire is a leading global electrolysis company that develops and manufactures industrial electrolysers based on alkali and solid oxide technologies (SOEC). With its electrolysis solutions, Sunfire is focused on providing green hydrogen and syngas as a climate-neutral substitute for fossil energy.

Legal advisors Eurazeo Global Investor, Aster Energy Ventures, SF Beteiligungs GmbH & Co. KG and Inven Capital
Taylor Wessing Germany:
Lead Dr Jens Wolf (Partner), Philipp Hoegl (Salary Partner), Philipp Bergjans (Associate), all M&A/Venture Capital, all Hamburg
 
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