H2SITE Secures €36 Million to Boost Hydrogen Technology

2025-01-22 green

Netherlands, Wednesday, 22 January 2025.
H2SITE raises €36M to enhance hydrogen separation solutions, aiming for multi-ton daily production by 2026. Investors include Hy24 and SC Net Zero Ventures, expanding global projects.

Strategic Investment for Clean Energy Innovation

H2SITE, a deep-tech pioneer based in Loiu, Spain [2], has secured €36 million in Series B funding on January 21, 2025 [1][3]. The funding round was co-led by Hy24 and SC Net Zero Ventures, with participation from new investors including MassMutual Ventures, Enagas Emprende, and Exergon [1][2]. Founded in 2020 [2], the company has rapidly established itself as a key player in hydrogen separation technology, employing over 60 team members at its membrane production facilities [2].

Innovative Technology and Market Impact

H2SITE’s proprietary membrane reactor technology enables hydrogen separation from gas streams and transportable molecules like ammonia and methanol [3]. Since 2021, the company has successfully implemented 15 projects across Western Europe and is now expanding into large-scale infrastructure projects in North America, the EU, and Asia Pacific [3]. The technology achieves remarkable purity levels of 99.97%, making it ideal for fuel cell and industrial applications [6].

Ambitious Growth Plans

Under the leadership of CEO and Founder Andrés Galnares, H2SITE aims to achieve multi-ton per day hydrogen production capacity by 2026 [2][3]. The company plans to address various markets, including decentralized ammonia cracking and natural hydrogen production in the USA [3]. ‘This collective expertise and support will enable us to accelerate growth and execute large-scale infrastructure projects over the next thirty-six months,’ stated Galnares [3].

Industry Recognition and Future Outlook

The company’s innovative approach has garnered significant industry attention, with Guillaume Lesueur, Managing Director at Hy24, noting that ‘H2SITE has developed an innovative and efficient purification technology that is useful across a wide range of markets within the hydrogen supply chain’ [1][3]. The company’s membrane production facility in Spain is designed for thousands of units annually [6], positioning H2SITE at the forefront of the growing hydrogen economy.

Bronnen

hydrogen technology clean energy