H2SITE closes a new Series B funding round with a strategic investment of 42 million euros to accelerate the international roll-out of its solutions.

H2SITE has completed its second Series B round of funding, raising over 42 million euros with the addition of the EIC Fund and a new private investor. These funds will drive the company’s next phase of growth. The new partners join BEV, Suma Capital, Hy24, Crane, Enagás Emprende, Calderion and CRPV, who participated in the first closing, further validating the European innovation ecosystem’s confidence in H2SITE’s ability to industrialise and deploy key hydrogen solutions at commercial scale. The EIC Fund becomes a strategic partner in this new phase, supporting H2SITE's manufacturing growth, its international expansion and its entry into key markets, including Asia. In recent years, H2SITE has successfully demonstrated the maturity and scalability of its technology, achieving over 50,000 operating hours with its membrane reactors and separators, establishing advanced manufacturing capabilities in Europe, and producing and recycling thousands of palladium-based membranes each year.

Source: Business Wire