On January 17, 2025, H2SITE, a pioneering company in hydrogen separation technology based in Loiu, Spain, announced it has successfully raised €36 million in a Series B funding round. This significant investment comes from a consortium of investors, including new co-lead investors Hy24 and SC Net Zero Ventures, aimed at addressing challenges in the hydrogen supply chain.
Key Takeaways
- H2SITE has raised €36 million in Series B funding.
- The funding will support the industrialization and commercialization of hydrogen separation technology.
- New investors include Hy24 and SC Net Zero Ventures, focusing on low-carbon hydrogen solutions.
- H2SITE aims to produce several tons of hydrogen daily by 2026.
Funding Details
The recent funding round has attracted a diverse group of investors, highlighting the growing interest in hydrogen technologies. Hy24, a dedicated investment manager for low-carbon hydrogen, is backing H2SITE through its Clean Hydrogen Equipment Fund. According to Guillaume Lesueur, Managing Director of Hy24, H2SITE’s innovative purification technology is versatile and aligns with the fund’s strategic objectives.
SC Net Zero Ventures, another key investor, focuses on decarbonizing industries and mobility. Natalia Ruiz, Managing Partner at SC Net Zero Ventures, emphasized the importance of H2SITE’s proprietary technology in overcoming significant challenges in the hydrogen supply chain.
Future Goals
The Series B funding will enable H2SITE to achieve several ambitious goals:
- Production Capacity: The company plans to produce multiple tons of hydrogen daily by 2026.
- Market Expansion: H2SITE aims to serve various markets, including ammonia cracking, natural hydrogen production in the USA, and maritime decarbonization.
- Infrastructure Development: The funding will support large-scale infrastructure projects over the next three years, focusing on ammonia cracking and hydrogen separation.
Andrés Galnares, Founder and CEO of H2SITE, expressed confidence in the consortium of strategic and financial partners assembled for this funding round. He noted that their collective expertise will empower H2SITE to drive growth and meet market demands effectively.
H2SITE’s Innovative Technology
Founded in 2019, H2SITE specializes in advanced membrane reactor technology to tackle hydrogen transport challenges. The company has developed on-site hydrogen-producing devices that utilize long-lasting double-skin inorganic membranes. These membranes can:
- Break hydrogen carriers.
- Extract hydrogen from blends in natural gas infrastructure.
- Purify hydrogen in specialized hydrogen infrastructure.
H2SITE’s technology is based on palladium-alloy membranes, which are highly selective for hydrogen, ensuring 99.97% purity levels suitable for fuel cells and industrial applications. The membranes are integrated into advanced reactors and separators, recovering up to 98% of hydrogen, thus offering high efficiency.
Conclusion
H2SITE’s recent funding marks a significant step forward in the hydrogen supply chain innovation landscape. With the support of strategic investors and a clear vision for the future, H2SITE is poised to play a crucial role in the transition to a low-carbon hydrogen economy, addressing key challenges and paving the way for sustainable energy solutions.
