Dresden\/ Solingen\/ Zug (CH)\/ The elec\u00adtro\u00adly\u00adsis company Sunfire has recei\u00adved EUR 86 million from inves\u00adtors. Parti\u00adci\u00adpants in the expan\u00added Series D finan\u00adcing round include Copen\u00adha\u00adgen Infra\u00adstruc\u00adture Part\u00adners (CIP), through its Copen\u00adha\u00adgen Infra\u00adstruc\u00adture Energy Tran\u00adsi\u00adtion I fund, and Blue Earth Capi\u00adtal. Sunfire thus increa\u00adses its Series D capi\u00adtal raising to a total of \u20ac195 million ($215 million). In addi\u00adtion, CIP is ente\u00adring into an agree\u00adment with Sunfire to purchase pres\u00adsu\u00adri\u00adzed alka\u00adline elec\u00adtro\u00adly\u00adsers with a total capa\u00adcity of up to 640 MW for use in its multi-GW power-to\u2011X projects across Europe.<\/p>\n
Up to 640 MW elec\u00adtro\u00adly\u00adsis for CIP<\/strong><\/p>\n Through its Copen\u00adha\u00adgen Infra\u00adstruc\u00adture Energy Tran\u00adsi\u00adtion Fund I, CIP is support\u00ading Sunfire in the indus\u00adtria\u00adliza\u00adtion of its hydro\u00adgen tech\u00adno\u00adlo\u00adgies. The fund company is one of the worl\u00add\u2019s largest project deve\u00adlo\u00adpers for rene\u00adwa\u00adble ener\u00adgies and is active in the areas of offshore wind power, energy storage and power-to\u2011X, among others.<\/p>\n To imple\u00adment its plan\u00adned power-to\u2011X projects, CIP needs relia\u00adble, indus\u00adtrial elec\u00adtro\u00adly\u00adsis plants. The avai\u00adla\u00adbi\u00adlity of these is still very limi\u00adted world\u00adwide. In a frame\u00adwork agree\u00adment, the project deve\u00adlo\u00adper ther\u00ade\u00adfore also secu\u00adres access to elec\u00adtro\u00adly\u00adsis capa\u00adci\u00adties from Sunfire. In the coming years, CIP plans to purchase pres\u00adsu\u00adri\u00adzed alka\u00adline elec\u00adtro\u00adly\u00adsers with a total capa\u00adcity of up to 640 MW and use them in its multi-GW projects throug\u00adhout Europe.<\/p>\n \u201cThis agree\u00adment adds huge value for all parties invol\u00adved,\u201d says Sunfire CEO Nils Aldag<\/strong>. \u201cCIP can rely on our advan\u00adced alkali elec\u00adtro\u00adly\u00adsers and on our dedi\u00adca\u00adted team of experts \u2014 at the same time demons\u00adt\u00adra\u00adting that we are a relia\u00adble part\u00adner for giga\u00adwatt-scale projects.\u201d<\/p>\n Invest\u00adment company BlueE\u00adarth contri\u00adbu\u00adtes capi\u00adtal and expertise<\/strong><\/p>\n As part of its climate stra\u00adtegy, BlueE\u00adarth is also part\u00adne\u00adring with Sunfire. The globally active invest\u00adment company was foun\u00added by the Swiss Part\u00adners Group and built up with its support. Urs Wiet\u00adlis\u00adbach (photo)<\/strong> is Co-foun\u00adder & Chair\u00adman Blue Earth Capi\u00adtal AG and Co-Foun\u00adder Part\u00adners Group AG.<\/p>\n BlueE\u00adarth places a high value on being invol\u00adved beyond its invest\u00adment. To support Sunfire in its growth, the new part\u00adners are ther\u00ade\u00adfore contri\u00adbu\u00adting their entre\u00adpre\u00adneu\u00adrial expe\u00adri\u00adence and expert know\u00adledge around the topic of growth and climate protection.<\/p>\n About Sunfire<\/strong> About Copen\u00adha\u00adgen Infra\u00ads\u00adtuc\u00adture Partners<\/strong> CIP mana\u00adges nine funds and has appro\u00adxi\u00adm\u00adately \u20ac16 billion in assets under manage\u00adment focu\u00adsed on invest\u00adments in energy infra\u00adstruc\u00adture \u2014 inclu\u00adding offshore wind, onshore wind, photo\u00advol\u00adtaic, biomass and energy from waste, trans\u00admis\u00adsion and distri\u00adbu\u00adtion, reserve capa\u00adcity and storage, and other energy assets such as power-to\u2011X. Today, the CIP funds have about 100 inter\u00adna\u00adtio\u00adnal insti\u00adtu\u00adtio\u00adnal inves\u00adtors from the Nordic count\u00adries, conti\u00adnen\u00adtal Europe, the United King\u00addom, Israel, Asia, Austra\u00adlia and North America, as well as multi\u00adla\u00adte\u00adral orga\u00adniza\u00adti\u00adons such as the EIB. CIP employs around 300 people and has offices in Copen\u00adha\u00adgen, London, Hamburg, Utrecht, New York, Tokyo, Singa\u00adpore and Melbourne. The invest\u00adment in Sunfire will be part of CIP\u2019s Energy Tran\u00adsi\u00adtion Fund I, which focu\u00adses on power-to\u2011X and other next-gene\u00adra\u00adtion rene\u00adwa\u00adble tech\u00adno\u00adlo\u00adgies to faci\u00adli\u00adtate the decar\u00adbo\u00adniza\u00adtion of hard-to-delete sectors such as steel, agri\u00adcul\u00adture and trans\u00adpor\u00adta\u00adtion. www.cip.dk<\/p>\n About Blue Earth Capital<\/strong> About Carbon Direct Capi\u00adtal Management<\/strong> Advi\u00adsor to CIP: Henge\u00adler Mueller<\/strong> Dresden\/ Solingen\/ Zug (CH)\/ The elec\u00adtro\u00adly\u00adsis company Sunfire has recei\u00adved EUR 86 million from inves\u00adtors. Parti\u00adci\u00adpants in the expan\u00added Series D finan\u00adcing round include Copen\u00adha\u00adgen Infra\u00adstruc\u00adture Part\u00adners (CIP), through its Copen\u00adha\u00adgen Infra\u00adstruc\u00adture Energy Tran\u00adsi\u00adtion I fund, and Blue Earth Capi\u00adtal. Sunfire thus increa\u00adses its Series D capi\u00adtal raising to a total of \u20ac195 million ($215 [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39596,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1369],"tags":[],"class_list":["post-39988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors"],"yoast_head":"\n
\nSunfire is a leading global elec\u00adtro\u00adly\u00adsis company that designs and manu\u00adfac\u00adtures indus\u00adtrial elec\u00adtro\u00adly\u00adzers based on alkali and solid oxide tech\u00adno\u00adlo\u00adgies (SOEC). With its elec\u00adtro\u00adly\u00adsis solu\u00adti\u00adons, Sunfire is addres\u00adsing the key chall\u00adenge of today\u2019s energy system: the provi\u00adsion of green hydro\u00adgen and synthe\u00adsis gas as a climate-neutral substi\u00adtute for fossil energy. Sunfi\u00adre\u2019s inno\u00adva\u00adtive and proven elec\u00adtro\u00adly\u00adsis tech\u00adno\u00adlo\u00adgies enable the decar\u00adbo\u00adniza\u00adtion of indus\u00adtrial sectors that today are still depen\u00addent on oil, gas or coal. The company employs more than 370 people at loca\u00adti\u00adons in Germany and Switz\u00ader\u00adland. www.sunfire.de<\/p>\n
\nCopen\u00adha\u00adgen Infra\u00adstruc\u00adture Part\u00adners P\/S is the worl\u00add\u2019s largest specia\u00adli\u00adzed fund mana\u00adger for green\u00adfield invest\u00adments in rene\u00adwa\u00adble energy and a global leader in offshore wind. At COP26, CIP announ\u00adced a goal and road\u00admap to streng\u00adthen and acce\u00adle\u00adrate its role in imple\u00admen\u00adting the energy tran\u00adsi\u00adtion by support\u00ading green energy invest\u00adments with \u20ac100 billion by 2030.<\/p>\n
\nBlue Earth Capi\u00adtal is a global impact invest\u00adment firm head\u00adquar\u00adte\u00adred in Zug, Switz\u00ader\u00adland, with offices in London, New York and Singa\u00adpore. Blue Earth Capi\u00adtal invests in compa\u00adnies that address pres\u00adsing envi\u00adron\u00admen\u00adtal and social chal\u00adlenges while opera\u00adting profi\u00adta\u00adbly. Blue Earth Capi\u00adtal was initia\u00adted in 2015 by Urs Wiet\u00adlis\u00adbach, one of the foun\u00adders of Part\u00adners Group, and is supported by the Ursi\u00admone Wiet\u00adlis\u00adbach Foun\u00adda\u00adtion. Blue Earth Capi\u00adtal was built with the help of Part\u00adners Group and lever\u00ada\u00adges its expe\u00adri\u00adence as a leading global private markets firm. www.blueearth.capital<\/p>\n
\nCarbon Direct combi\u00adnes scien\u00adti\u00adfic exper\u00adtise, tech\u00adno\u00adlogy and finan\u00adcial capi\u00adtal to grow carbon manage\u00adment into a global indus\u00adtry. Our invest\u00adment busi\u00adness \u2014 Carbon Direct Capi\u00adtal Manage\u00adment LLC \u2014 makes direct invest\u00adments in leading tech\u00adno\u00adlogy compa\u00adnies in the carbon manage\u00adment sector. Our consul\u00adting company \u2014 Carbon Direct Inc. \u2014 supports corpo\u00adrate custo\u00admers with carbon manage\u00adment solu\u00adti\u00adons. Carbon Direc\u00adt\u2019s team is made up of world-renow\u00adned carbon scien\u00adtists who have a deep under\u00adstan\u00adding of the risks and oppor\u00adtu\u00adni\u00adties of carbon tech\u00adno\u00adlo\u00adgies. The company has offices in New York City and Seattle.
\nFor more infor\u00adma\u00adtion, visit www.carbon-direct.com<\/p>\n
\nThe firm was repre\u00adsen\u00adted by part\u00adners Dr. Jens Wenzel (Venture Capital\/M&A, Berlin) and Hendrik Bocken\u00adhei\u00admer (Labor Law, Frank\u00adfurt), coun\u00adsel Fabian Seip (Intellec\u00adtual Property\/IT), Alex\u00adan\u00adder Bekier (Corporate\/M&A) and Dr. Moritz Rade\u00adma\u00adcher (Energy Law, D\u00fcssel\u00addorf) as well as asso\u00adcia\u00adtes Theresa Scharff, Dr. Bj\u00f6rn Brauer, Ciro D\u2019Ame\u00adlio (all Venture Capital\/M&A, Berlin) and Mona Geimer (Labor Law, Frankfurt).<\/p>\n","protected":false},"excerpt":{"rendered":"