H2SITE, based in Bilbao, Spain, has announced the completion of its Series B funding round, securing EUR36 million from a consortium of investors. The funding includes support from notable entities like Hy24 and SC Net Zero Ventures, emphasizing the growing interest and investment in hydrogen technologies. H2SITE's innovative membrane reactor technology allows for hydrogen separation from gas streams and easy transportation in molecules like ammonia and methanol. The company's focus on industrialization and commercialization aims to achieve multi tons per day hydrogen production capacity by 2026, along with addressing various end-use markets such as ammonia cracking and maritime decarbonization. The consortium of investors not only provides financial backing but also grants access to a wide international ecosystem, aligning with the vision of hydrogen as a crucial energy vector for industrial decarbonization. H2SITE's Founder and CEO, Andrés Galnares, expressed confidence in the strategic and financial partners assembled for this funding round, highlighting the collective expertise that will drive growth and execution of large-scale infrastructure projects. The positive sentiment from investors like Hy24 and SC Net Zero Ventures reflects the recognition of H2SITE's contribution to the hydrogen supply chain challenges and the overall transition to a low-carbon economy. The article also underscores the significance of hydrogen in achieving decarbonization targets, with H2SITE's technology playing a critical role in advancing a reliable and scalable low-carbon hydrogen economy. The potential for substantial growth in the ammonia cracking and hydrogen purification markets further emphasizes the importance of innovative solutions like those offered by H2SITE in the evolving energy landscape.