H2SITE, a Spanish company specializing in hydrogen separation solutions, has raised €36 million in a Series B funding round. The company, based in Loiu, aims to address the challenges of scaling hydrogen production and distribution with its proprietary technology. This funding marks a significant step toward the industrialization and commercialization of its solutions, which focus on improving hydrogen purity and efficiency. As industries look for sustainable energy alternatives, H2SITE’s efforts are positioned to meet the growing demand for clean hydrogen through innovative on-site production and separation technologies.
Who are the investors and what are their goals?
The funding round saw participation from new co-lead investors, Hy24 and SC Net Zero Ventures, alongside contributions from firms like MassMutual Ventures, Enagás Emprende, and Exergon. Hy24, through its Clean Hydrogen Equipment Fund, emphasized the versatility of H2SITE’s technology, with Guillaume Lesueur stating,
“H2SITE has developed an innovative and efficient purification technology that serves a wide range of markets across the hydrogen supply chain.”
Similarly, SC Net Zero Ventures highlighted their commitment to accelerating energy transition, with Managing Partner Natalia Ruiz stating,
“H2SITE’s innovation in hydrogen separation is a key example of that, with a proprietary technology that addresses a key challenge in the hydrogen supply chain.”
The funding will enable H2SITE to scale its operations and expand its reach into sectors like ammonia cracking and maritime decarbonization.
What technologies set H2SITE apart?
H2SITE employs advanced membrane reactor technology to convert hydrogen carriers and purify hydrogen gas blends directly at the point of use. Its proprietary palladium-alloy membranes achieve a 99.97% purity level and recover up to 98% of the hydrogen, offering high efficiency. These membranes are integrated into reactors and separators and are fabricated in H2SITE’s facility in Bizkaia, Northern Spain, where thousands of units are produced annually. This capacity ensures the capability to process large amounts of renewable hydrogen at low conversion costs while addressing transport challenges in the supply chain.
In earlier phases, H2SITE had already secured funding to develop its industrial framework. However, this round introduces a broader consortium of investors equipped with both financial and strategic expertise. This shift reflects an increasing recognition of hydrogen as a critical component in decarbonizing industries and transportation. The company’s planned production of several tons of hydrogen daily by 2026 highlights its readiness to meet market demands.
H2SITE’s CEO, Andrés Galnares, emphasized the importance of collaborative expertise in scaling hydrogen deployment, commenting,
“For our third funding round, we have assembled a consortium of strategic and financial partners who deeply understand the challenges of scaling production, hydrogen deployment timelines, and market demand.”
He further added that this backing will support large-scale infrastructure projects over the next three years, focusing on key areas like ammonia cracking and hydrogen separation.
As global interest in hydrogen intensifies, comparisons to earlier developments reveal progress in integrating scalable, high-purity hydrogen technology. Unlike prior efforts that focused on smaller-scale pilot projects, H2SITE’s approach underscores an industrial-level ambition. The company’s focus on producing economically viable solutions for sectors like maritime and natural hydrogen production in the U.S. marks a shift in the industry’s focus on practical, wide-scale applications.
H2SITE’s focus on creating efficient, scalable hydrogen solutions positions it to cater to a broad array of industries, from transportation to heavy manufacturing. As the hydrogen economy evolves, the development of advanced separation technologies will remain critical to its growth. For companies like H2SITE, the ability to produce hydrogen at high purity and low cost could serve as a cornerstone for industry-wide adoption. Readers following the hydrogen market should note the increasing role of such companies in addressing logistical and technical challenges that have traditionally constrained the sector.
