H2SITE, a deep-tech pioneer in hydrogen separation solutions, has successfully closed its Series B funding round at EUR36 million with a consortium of investors, co-led by Hy24 and SC Net Zero Ventures. The funding, which includes investors like Breakthrough Energy Ventures, Enagás Emprende, Equinor Ventures, and others, will support H2SITE's innovative hydrogen technology deployment. The company aims to scale up to multi-ton per day reactors by 2026, focusing on overcoming challenges in hydrogen transportation and driving cost efficiencies. H2SITE's solution with a proprietary membrane reactor technology enables the separation of hydrogen from gas streams, making hydrogen more accessible and contributing to significant cost savings. The investors, with a vision of hydrogen as a crucial energy vector for achieving decarbonization targets, aim to support H2SITE's industrialization and commercialization milestones. H2SITE has already operated multiple projects in Western Europe and is expanding to North America, the EU, and Asia Pacific with large-scale infrastructure projects. The company is committed to addressing various end-use markets like ammonia cracking and maritime decarbonization applications. The positive sentiment towards hydrogen technology is evident through the support and investments from a consortium of strategic and financial investors, emphasizing the importance of innovative solutions in building a reliable, scalable, and efficient low-carbon hydrogen economy.