H2SITE, a leading hydrogen solutions provider based in Spain, has successfully secured €36 million in funding in its Series B round to further enhance its hydrogen technology. The investment consortium includes key players like Hy24 and SC Net Zero Ventures, emphasizing the importance of hydrogen in achieving decarbonization goals. The funding will facilitate the expansion of H2SITE's industrial capabilities, with a target of achieving multi-tons per day hydrogen production capacity by 2026. The company aims to tap into various end-use markets such as large-scale ammonia cracking, natural hydrogen production, and maritime decarbonization. By leveraging the expertise and financial backing of their strategic partners, H2SITE is poised to execute significant infrastructure projects in the coming years, particularly focusing on ammonia cracking and hydrogen separation. H2SITE's innovative membrane reactor technology has been a key enabler in the company's operations, allowing efficient hydrogen separation from gas streams. With successful projects in Western Europe, H2SITE is now eyeing expansion plans in North America, the EU, and Asia Pacific regions. Noteworthy achievements include pioneering an on-board ammonia cracking system in 2023, which was recognized with an approval in principle from Lloyd’s Register in April 2024, showcasing the company's commitment to advancing hydrogen technology and decarbonization efforts.