When was Sunfire founded?

Sunfire was founded in 2010 and became a unicorn in 2022, reaching the milestone in 12 years. It raised its 1st funding round 2 years after its incorporation.

Where is Sunfire located?

Sunfire is headquartered in Dresden, Germany.

Which legal entities is Sunfire associated with?

Sunfire is associated with Sunfire Se and 4 others.

How many employees does Sunfire have?

As of Aug 31, 2026, the latest employee count at Sunfire is 505.

Is Sunfire a funded company?

Sunfire is a funded company, having raised a total of $487M across 13 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Series A round on Nov 2012.

How much is Sunfire worth?

The latest valuation of Sunfire is $1.7B as of Oct 18, 2021.

When was the latest funding round of Sunfire?

Sunfire's latest funding was a $207M Conventional Debt round on Jan 07, 2025, with participation from 4 investors.

What is the annual revenue of Sunfire?

Annual revenue of Sunfire is between €10M and €50M as on Dec 31, 2024

Is Sunfire a Energy Storage Tech company?

The primary sector of Sunfire is Energy Storage Tech.

Where does Sunfire rank among its competitors?

Sunfire ranks 4th amongst 485 active competitors, of which 107 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Hygenco, which secured $105M in Jun, 2026.

Who are the top competitors of Sunfire?

Sunfire's top competitors include Lhyfe, Nel Hydrogen and Orsted. Among them, Hygenco secured the most recent funding round in June, 2026.

Sunfire - 2026 Company Profile, Team, Funding, Competitors & Financials

Sunfire is a series E company based in Dresden (Germany), founded in 2010. It operates as a Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems. Sunfire has raised $487M in funding from investors like Bilfinger, Electranova Capital and Neste, with a current valuation of $1.7B. The company has 485 active competitors, including 107 funded and 33 that have exited. Its top competitors include companies like Lhyfe, Nel Hydrogen and Orsted.

Sectors and market segments that Sunfire operate in

Sunfire serves in the Energy Tech market segments.The primary business model of Sunfire is:

Energy Tech > Energy Storage Tech > ***** **** > ***** ******

Company Details

Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems. These technologies facilitate the production of hydrogen for industrial applications. The systems utilize electrochemical processes to split water into hydrogen and oxygen. The equipment is designed for integration into large-scale industrial infrastructure to support decarbonization efforts.

Website: sunfire.de/en/
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Key Metrics

Founded Year

2010

Location

Dresden, Germany

Stage

Series E

Total Funding

$487M in 13 rounds

Latest Funding Round

Conventional Debt, Jan 07, 2025, $207M

Post Money Valuation

$1.7B as on Oct 18, 2021

Investors

Bilfinger & 38 more

Ranked

4^th among 485 active competitors

Annual Revenue

€10M - €50M as on Dec 31, 2024

Employee Count

505 as on Aug 31, 2026

Investment & Acquisitions

IHT Industrie Haute Technologie & 1 more

Similar Companies

Verdagy & 22 more

View Sunfire's full profile

Sunfire is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Sunfire Se CIN: HRB46479 , Germany, Active	Apr 01, 2025	€10M - €50M (As on Dec 31, 2024)	-
Sunfire Solingen GmbH CIN: R1608_HRB32319 , Germany, Active	Nov 30, 2021	-	18 (As on Dec 31, 2023)
Sunfire GmbH CIN: HRB31154 , Germany, Active	Dec 31, 2009	-	-
Sunfire Fuel Cells GmbH CIN: HRB7436 , Germany, Active	Dec 31, 2009	-	18 (As on Dec 31, 2022)
Sunfire Gmbh CIN: HRB31154 , Germany, Active	Apr 29, 2012	-	271 (As on Dec 31, 2022)

Sunfire has raised a total funding of $487M over 13 rounds. Its first funding round was on Nov 2012. Its latest funding round was a Conventional Debt round on Jan 07, 2025 for $207M. 4 investors participated in its latest round. Sunfire has 32 institutional investors and 7 angel investors.

Here is the list of recent funding rounds of Sunfire:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 07, 2025	$207M	Conventional Debt	-	-	-	Societe Generale, BNP Paribas, Landesbank Baden Wurttemberg, Commerzbank
Mar 05, 2024	$233M	Series E	-	-	GIVA, Ahren, Carbon Equity	LGT Group, Lightrock, Planet First Partners, Carbon Direct Capital, The Climate Pledge, Blue Earth Capital, HydrogenOne Capital, Aster, GIC
Mar 05, 2024	Undisclosed	Venture Debt	-	-	-	European Investment Bank

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View details of Sunfire's funding rounds and investors

Here are the details of Sunfire's key team members:

Nils Aldag: CEO of Sunfire. They serve on the board of 1 company.

Sunfire's Board of Directors

Sunfire's board has 3 active members. Nils Aldag is part of team and Christian von Olnhausen and Carl Berninghausen are independent board members.

Here is the list of Sunfire's board of directors:

Name	Type	Representing	Status	Duration
Nils Aldag	Team	-	Current	9y 3m
Carl Berninghausen	Independent board member	-	Current	14y 4m
Christian von Olnhausen	Independent board member	-	Past	0y 7m

View details of Sunfire's Founder profiles and Board Members

Sunfire's employee count trend

Sunfire has 505 employees as of Aug 26. Here is Sunfire's employee count trend over the years:

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Top competitors of Sunfire include Lhyfe, Nel Hydrogen and Orsted. Here is the list of Top 10 competitors of Sunfire, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lhyfe 2017, Nantes (France), Public	Manufacturer of renewable hydrogen produced through water electrolysis and electricity	$96.9M	Mitsui, Noria & 12 others	71/100
2nd	Nel Hydrogen 1927, Oslo (Norway), Acquired	Manufacturer of electrolyser technology for renewable hydrogen production and related services	-	Vermögensclub, Defense.gov & 4 others	70/100
3rd	Orsted 2006, Fredericia (Denmark), Acquired	Developer and operator of offshore wind farms and energy assets	-	ELM Responsible Investments, Equinor & 2 others	68/100
4th	Sunfire 2010, Dresden (Germany), Series E	Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems	$487M	GIC, Commerzbank & 37 others	66/100
5th	Hygenco 2020, Gurugram (India), Series C	Provider of green hydrogen and green ammonia production and distribution solutions	$130M	IFC, Neev Fund & 9 others	66/100
6th	H3 Dynamics 2015, Singapore (Singapore), Series B	Provides aerial inspection services using drones	$39M	ACA Investments, Sumitomo Mitsui Banking Corporation ... & 13 others	64/100
7th	GH2 Solar 2013, Noida (India), Series A	Provider of solar EPC and green hydrogen solutions	$9.09M	AARTH AIF, LC Infra Projects & 11 others	64/100
8th	H2PRO 2019, Caesarea (Israel), Series B	Developer of technology for producing hydrogen from water	$180M	Temasek, ArcelorMittal & 24 others	64/100
9th	Monolith 2012, Lincoln (United States), Series D	Manufacturer of carbon black and hydrogen products for various industrial uses	$593M	Cornell Capital, TPG & 11 others	64/100
10th	Electric Hydrogen 2020, San Carlos (United States), Series C	Manufacturer of advanced electrolyzer systems for clean hydrogen production solutions	$603M	Fifth Wall, Energy Impact Partners & 26 others	64/100