en.Wedoany.com Reported - Hydrogen technology company H2SITE has completed the second closing of its Series B funding round, with total investment exceeding €42 million. The funds will be used for manufacturing expansion, international growth, and delivery of large-scale industrial projects. Specializing in membrane-based hydrogen production and separation, this funding marks a shift from early-stage technology validation to commercial manufacturing and operations.
The hydrogen industry is transitioning from pilot projects, demonstration plants, and technology validation to commercial execution. The importance of manufacturers capable of producing reliable equipment at industrial scale is growing. H2SITE's latest funding is not for laboratory development but focuses on manufacturing expansion, international business growth, and delivery of large industrial projects.
This round was completed with the European Innovation Council Fund (EIC Fund) joining existing institutional and industrial investors. Hermann Hauser, a board member of the EIC Fund, stated that Europe's energy transition will depend on the ability to move breakthrough technologies from validation to industrial deployment. H2SITE demonstrates how European deep-tech companies can develop strategic technologies, build industrial capabilities, and strengthen energy resilience. The EIC Fund is proud to support the company in scaling its hydrogen solutions and contributing to a more secure and competitive energy system.
The company's membrane reactors and hydrogen separation systems have accumulated over 50,000 hours of operation, with thousands of palladium-based membranes produced and recycled annually, indicating an established scalable manufacturing process rather than prototype production. When investors evaluate opportunities, equipment reliability, maintenance requirements, and manufacturing consistency are becoming as important as technological innovation.
H2SITE's technology platform is based on membrane reactors that filter hydrogen through selective barriers while blocking other gases, simplifying process design and producing high-purity hydrogen. This reduces the need for multiple downstream purification stages, lowering capital and operational expenditures. The platform supports multiple hydrogen production pathways, including ammonia cracking. Ammonia is considered a practical hydrogen carrier for international transport, capable of being shipped through global shipping infrastructure and converted back to hydrogen at the point of use. As international hydrogen trade develops, efficient ammonia cracking technology could address logistical challenges in long-distance hydrogen transport.
The company's ammonia cracking project at the Port of Antwerp demonstrates its commercial readiness. Supported by the European Innovation Council Accelerator program, the project aims to establish a low-carbon hydrogen supply chain serving hard-to-abate industrial sectors. As one of Europe's largest petrochemical and industrial hubs, Antwerp provides a suitable location to demonstrate hydrogen infrastructure operations under real commercial conditions, with successful deployment serving as a replicable model for other European industrial clusters.
The latest funding will support H2SITE's international expansion, including entry into Asian markets. Several Asian economies are investing in hydrogen imports, ammonia infrastructure, and industrial decarbonization initiatives. Japan and South Korea have established ambitious hydrogen strategies, while Singapore is positioning itself as a regional hydrogen trading hub. Entering these markets presents opportunities for suppliers offering commercially proven technologies.
Chairman Javier Cavada described the latest investment as a significant milestone for the company, stating that the EIC Fund joining the shareholder base is a strong vote of confidence in H2SITE's ambition to become a European global champion. This support will help the company accelerate growth, deploy its technology worldwide, and create long-term value for all stakeholders. CEO Andrés Galnares said this capital increase is an important milestone in the company's development as an industrial firm. The support from institutional and private investors reflects confidence in the ability to transform technological innovation into industrial assets and commercial projects that are scalable, replicable, and financeable. The company is now focused on executing flagship projects while contributing to European industrial competitiveness and energy independence.
As hydrogen investment enters a phase with stricter commercial discipline, companies capable of transitioning from engineering validation to industrial delivery may attract more attention from infrastructure developers, utilities, and institutional investors. Manufacturing capabilities and commercial execution are becoming as important as scientific innovation.
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