Sunfire awarded a new 50 MW electrolyser contract

HydrogenOne Capital Growth plc has announced that its portfolio company, Sunfire GmbH, has announced a new 50 MW electrolyser contract with Ren Gas, Finland's hydrogen project developer, at their plant in Tampere.

 

The equipment delivery will consist of five 10-MW pressurised alkaline electrolysis modules, representing a leading technology in the hydrogen industry. Sunfire will be responsible for the design, production, testing, delivery, supervision of installation and commissioning, and performance testing of the equipment.

This comprehensive scope ensures that the project benefits from Sunfire’s technology and expertise at every stage, from initial design to final performance validation. The Tampere project is expected to produce synthetic e-methane and green hydrogen to be used in the heavy road transportation sector and Finnish district heating. The project is currently in feasibility phase, having received an environmental permit.

As of 30 September 2024, HydrogenOne's investment in Sunfire represented 25% of the company's NAV. Dr JJ Traynor, Managing Partner of HydrogenOne Capital LLP, the Company's investment adviser, commented: “This marks another major achievement for Sunfire, HGEN's largest holding, with contracts announced year-to-date totalling over 200 MW. This follows Sunfire’s successful funding round, which totalled more than €500 million over the last 12 months. Once the Tampere project reaches a Final Investment Decision (FID), Sunfire’s advanced pressurised alkaline electrolyser technology is expected to play a pivotal role in converting renewable electricity into green hydrogen as part of the e-methane production, underscoring the key role of electrolysis in the energy transition.”

Nils Aldag, Sunfire CEO, stated: “We’re proud to provide our pressurised alkaline electrolyser technology for Ren-Gas’s Tampere e-methane plant. Our advanced solution is designed to deliver efficient and reliable hydrogen production at scale, ensuring that Ren-Gas meets its ambitious sustainability targets. This partnership marks a significant step forward in establishing Europe’s leadership role in the green hydrogen sector.”