H2SITE lands $48M Series B round
In Spain, H2SITE has completed a second closing of its Series B round. The transaction brings in EIC Fund with a private investor who will support the company’s next phase of growth and increases H2SITE’s total funding raised in this round to more than €42 million.
These new partners, join BEV, Suma Capital, Hy24, Crane, Enagás Emprende, Calderion and CRPV who participated in the first closing, further validating the confidence of the European innovation ecosystem in H2SITE’s ability to industrialize and deploy key hydrogen solutions at commercial scale.
Over the past years, H2SITE has successfully demonstrated the maturity and scalability of its technology, achieving more than 50,000 operating hours with its membrane reactors and separators, establishing advanced manufacturing capabilities in Europe, and producing and recycling thousands of Pd-based membranes every year.
The company is now entering a new phase focused on the execution of large-scale industrial projects and the global commercialization of its solutions, accelerating the deployment of technologies that have already been validated and are ready for replication across multiple markets and industries.
The EIC Fund becomes a strategic partner in this next chapter, supporting H2SITE’s manufacturing growth, international development, and entry into key markets, including Asia.
Category: Fuels
