Spanish company H2SITE recently secured €36 million to revolutionize the hydrogen supply chain. Backed by prominent investors like Hy24 and SC Net Zero Ventures, this funding marks a significant step for the deep-tech hydrogen separation pioneer.
The investment comes as part of a Series B funding round, joined by new contributors MassMutual Ventures, Enagás Emprende, and Exergon, along with existing partners.
Hy24 focuses on low-carbon hydrogen investments, supporting H2SITE through its Clean Hydrogen Equipment Fund. The company’s purification technology aligns perfectly with Hy24’s goals. Meanwhile, SC Net Zero Ventures is committed to accelerating the energy transition and sees H2SITE’s technology as a crucial advancement. Both investors appreciate the versatility and industrial expertise H2SITE brings to hydrogen markets.
With this new funding, H2SITE plans to ramp up industrialization and commercialization. The company aims to produce several tons of hydrogen per day by 2026, targeting sectors like ammonia cracking, natural hydrogen production in the USA, and maritime decarbonization. Andrés Galnares, CEO of H2SITE, emphasizes the importance of strategic and financial collaborations to execute large-scale infrastructure projects focused on hydrogen separation and ammonia cracking.
Founded in 2019, H2SITE specializes in advanced membrane reactor technology that converts and purifies hydrogen. The unique palladium-alloy membranes achieve 99.97% purity levels, vital for fuel cells and industrial use. These membranes are integrated into sophisticated reactors and separators, ensuring up to 98% hydrogen recovery with high efficiency.
Producing these advanced membranes in Northern Spain at H2SITE’s facilities, the company aims to produce thousands annually. This capacity is essential for processing massive amounts of renewable hydrogen at low conversion costs.
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