H2SITE, a hydrogen technology company based in Spain, has recently secured a significant funding round of €36 million from a group of investors. This funding will be pivotal in advancing the development and scaling up of the company's hydrogen technologies. H2SITE has been focused on the development of membrane reactor technology since 2021, which allows for the separation of hydrogen from natural gas efficiently. The company highlighted the unique aspect of its technology, which combines hydrogen production and separation in a single step, simplifying the process and eliminating the need for additional equipment. This innovation results in a more streamlined, space-efficient, and cost-effective approach to producing high-purity hydrogen. The recent funding injection will enable H2SITE to further commercialize its technology, with specific emphasis on sectors like shipping. By 2026, the company aims to significantly increase its hydrogen production capacity. One of the key achievements of H2SITE was successfully producing pure hydrogen from ammonia onboard a supply ship in the Gulf of Biscay to power a PEM fuel cell. This successful validation of their technology showcases its practical application and potential for the maritime industry and beyond. The positive sentiment surrounding H2SITE's innovative membrane reactor technology and its applications in various sectors like shipping signifies a promising future for the company's contributions to the hydrogen economy.