18th Oct 2021 14:50
HydrogenOne Capital Growth PLC - hydrogen investment fund managed by HydrogenOne Capital LLP - Agrees to make first private equity investment of EUR24 million into alkaline and solid oxide electrolyser producer Sunfire GmbH for a minority stake.
Investment is part of a EUR109 million fundraising round. Sunfire currently has a large scale electrolyser production site in Germany, which is expected to have an annual manufacturing capacity of 500 megawatts by 2023.
Proceeds from the overall will go towards Sunfire expanding its electrolyser manufacturing capacity to multi-gigawatt scale in the coming years.
"We are delighted to announce the first private capital investment for HydrogenOne. Sunfire was a one of the pipeline investments we identified pre-IPO and fully aligns with our strategy to invest material positions in companies that are pivotal to the increased production of clean hydrogen," says Chair Simon Hogan.
Current stock price: 112.32 pence
Year-to-date change: up 12% on July 30
By Dayo Laniyan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
HydrogenOne