Luxembourg-based technology company Paul Wurth S.A. has become the new lead investor and technology partner of Sunfire.
Sunfire GmbH, a Germany-based developer and manufacturer of highly efficient electrolysers and fuel cells, secured €25m venture capital in a series C financing round.
Paul Wurth S.A. is part of the Düsseldorf-based SMS group, the worldwide leading provider of equipment and plants for the metal industry and sees this partnership as a significant step for new technological developments leading to green steelmaking as well as an opportunity to enter the growing e-Fuels market.
As of 2019, Sunfire will implement commercial multi-megawatt projects applying high-temperature electrolysis and Power-to-Liquid technology.
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