HCompany · Energy & Climate
H2SITE
H2SITE is a Basque Country-based industrial technology company that develops palladium-alloy membrane reactor systems to produce and separate high-purity hydrogen (99.97%) from carriers such as ammonia and methanol, cutting the cost of hydrogen transport. Spun off from Tecnalia and Eindhoven University of Technology in 2019/2021, it is a growth-stage (Series B) deep-tech company partnering with players like Equinor, Petronor, Mitsubishi Power and SNAM. It has raised over €42M in Series B funding as of mid-2026.
Founded
2019
Founders
4
News
8
Rounds
3
Investors
10
SectorsHydrogen, Clean Energy, Industrial Technology, Decarbonization
Start-up MapEnergy & Climate › Clean energy generation hardware
Profile updated 1 Aug 2026
Founders
A
Andrés Galnares
Co-Founder & Chief Executive Officer
G
Gorka Hermoso
Co-Founder & Financial Director
J
Jon Meléndez Rey
Co-Founder & Technical Director
J
Jose Antonio Medrano Jimenez
Co-Founder & Technical Director
Global models 5
PPlug Power
United States · www.plugpower.com ↗
Publicly traded hydrogen equipment and fuel cell company with a similar focus on hydrogen production and infrastructure technology.
$3B+Comparable
EElectric Hydrogen
United States · eh2.com ↗
VC-backed hydrogen electrolyzer/equipment manufacturer targeting industrial decarbonization, directly comparable to H2SITE's hardware-for-hydrogen model.
$1B+Comparable
HHystar
Norway · hystar.com ↗
European venture-backed hydrogen electrolyzer technology company serving industrial decarbonization, similar geography and B2B industrial equipment model.
$150M+Comparable
HH2Pro
Israel · www.h2pro.co ↗
Deep-tech venture-backed startup developing novel hydrogen production technology aimed at cost reduction, similar stage and technical focus.
$100M+Comparable
Ssunfire
Germany · www.sunfire.de ↗
European VC-backed manufacturer of electrolyzer/hydrogen production systems for industrial decarbonization, comparable equipment-focused business model.
$500M+Comparable
Investors 10
BBreakthrough Energy Ventures
EEIC Fund
eic.ec.europa.eu
E
Enagás Emprende
emprende.enagas.es
EEquinor Ventures
EExergon
EEzten
www.spri.eus
H
MMassMutual Ventures
SSeed Capital Bizkaia
seedcapitalbizkaia.eus
SSuma Capital (SC Net Zero Ventures)
sumacapital.com
Funding rounds 3
News & media 8
| Published | Article |
|---|---|
| 2026-06-25 |
Spain's H2Site completes €42m funding round ↗
gasworld
|
| 2025-07-02 |
H2SITE Secures EIC Accelerator Funding to Deploy a Flagship 1 TPD Ammonia Cracker Using Membrane Reactor Technology at a Port in North-West Europe ↗
Business Wire
|
| 2025-03-19 |
H2SITE and SNAM collaborate on hydrogen and natural gas separation project ↗
Global Hydrogen Review
|
| 2025-01-20 |
Hydrogen equipment startup H2SITE raises €36 million to industrialise its separation solutions ↗
EU-Startups
|
| 2024-04-28 |
H2SITE's AMMONIA to H2POWER Technology Receives Approval in Principle From Lloyd's Register ↗
Lloyd's Register
|
| 2024-03-19 |
H2SITE named SET Award 2024 finalist in Clean Energy Generation & Storage ↗
Start Up Energy Transition (SET)
|
| 2024-02-29 |
H2SITE achieves 99% pure hydrogen from natural gas blends in Spanish network ↗
H2 View
|
| 2023-11-22 |
'World first' | On-board ammonia cracker for hydrogen fuel now operating on Spanish vessel ↗
Hydrogen Insight
|