H2SITE, a pioneer in hydrogen technology development, has secured EUR36 million in a Series B Funding round co-led by Hy24 and SC Net Zero Ventures, marking a strategic milestone for the company based in Bilbao, Spain. The consortium of investors, including Breakthrough Energy Ventures and Equinor Ventures, will support H2SITE's vision of scaling up their innovative hydrogen technology to operate multi tons per day reactors by 2026. The funding will enable H2SITE to address challenges in hydrogen transport, making the technology more accessible and resulting in significant cost savings. H2SITE's solution involves membrane reactor technology that allows for hydrogen separation from gas streams, enabling the conversion of hydrogen carriers with established supply chains and the production of fuel cell purity hydrogen. The company has already executed 15 projects in Western Europe and is expanding its operations to North America, the EU, and Asia Pacific for large-scale infrastructure projects. The Series B funding will drive H2SITE's industrialization and commercialization efforts, with a focus on achieving multi tons per day hydrogen production capacity by 2026. The company is targeting various end-use markets such as ammonia cracking, natural hydrogen production, and maritime decarbonization applications. By enhancing the hydrogen supply chain, H2SITE is contributing to the development of a reliable, scalable, and efficient low-carbon hydrogen economy. Key investors like Hy24 and SC Net Zero Ventures recognize H2SITE's potential in revolutionizing hydrogen technology and supporting industrial and mobility decarbonization. The company's dedication to innovation and its impact on energy transition have garnered support from a diverse group of stakeholders committed to advancing the hydrogen ecosystem and achieving global decarbonization objectives. H2SITE's innovative approach and strategic partnerships position it as a frontrunner in the evolving landscape of hydrogen technology and sustainable energy solutions.