# Sunfire receives €169M IPCEI grant to build industrial electrolysis series production

Sunfire is investing about €400 million to build industrial series production of electrolysis technologies in Saxony and North Rhine-Westphalia, with €169 million in IPCEI grants. The grant was awarded by German ministers.

- Type: Investment
- Announced: 2023-08-31
- Where: Dresden, Saxony; North Rhine-Westphalia, Germany
- Value: $435.0M (400.0M EUR)
- Status: announced
- Products: electrolysis technologies, green hydrogen electrolyzers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Sunfire](https://endata.com/companies/12265.md)

## Sources

- [business-saxony.com](https://business-saxony.com/en/news-events/news/news-detail/n1409-dresden-sunfire-baut-industrielle-serienfertigung-fuer-elektrolyse-technologien-auf), 2023-08-31: "Dank der Zuwendung können wir dabei schneller und deutlich umfangreicher vorgehen als es uns mit eigenen Mitteln möglich wäre."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.