H2SITE Secures €36 Million in Series B Funding for Hydrogen Separation Solutions
Key Ideas
- H2SITE closed a successful €36 million Series B financing round with the support of strategic and financial investors.
- Prominent new investors Hy24 and SC Net Zero Ventures led the investment, focusing on low-carbon hydrogen and climate technology.
- Additional new backers and historical investors also participated, highlighting the global demand for innovative hydrogen technologies.
- The financing aims to accelerate industrial decarbonization and promote sustainable energy solutions.
H2SITE, a deep-tech company specializing in hydrogen separation solutions, has secured €36 million in a Series B financing round. This investment round attracted a consortium of strategic and financial investors committed to advancing the company's growth. The round was co-led by Hy24 and SC Net Zero Ventures, with additional new backers like MassMutual Ventures and Enagás Emprende participating. Historical investors from H2Site's early industrialization phase, including Breakthrough Energy Ventures and Equinor Ventures, also contributed. This financing reflects the increasing global demand for innovative hydrogen technologies to drive industrial decarbonization and sustainable energy solutions. Additionally, Pinsent Masons advised Hy24 in acquiring a share capital stake in H2Site, further emphasizing the interest and investment in clean hydrogen alternatives.