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H2site

Energy · Derio, Spain · Founded 2019

On-site, high-purity hydrogen generation from various feedstocks MoreLess

H2site, established in 2019, is a deep-tech company specializing in on-site hydrogen production through its proprietary membrane reactor technology. The company was founded by Andrés Galnares and Felipe Rebollo Gomez and originated as a spin-off from two European research centers: TECNALIA in Spain and the Eindhoven University of Technology (TUe) in the Netherlands, which had collaborated for over a decade on developing the integrated membrane reactor concept. Andrés Galnares serves as the company's CEO.

H2site's core business revolves around advanced membrane reactors and separators that produce fuel cell-purity hydrogen from various feedstocks. The technology is designed to address the significant challenge of hydrogen transportation by enabling decentralized production. Its systems can process hydrogen carriers such as ammonia, methanol, and syngas, as well as separate hydrogen from gas blends found in pipelines or geological storage like salt caverns. The technology integrates the reaction and separation of high-purity hydrogen into a single step, which enhances efficiency and reduces the system's physical footprint. The palladium-alloy membranes are highly selective to hydrogen, ensuring a purity level suitable for fuel cells and recovering up to 98% of the hydrogen.

The company serves clients across several industries, including industrial energy, mobility, and maritime sectors. For instance, its ammonia crackers can be used to decarbonize energy-intensive industries like glass and steel manufacturing, power fuel cells for electricity generation, and facilitate hydrogen refueling stations. H2site is also active in the maritime sector, developing onboard systems that crack ammonia into hydrogen to power fuel cells for auxiliary ship power, a project demonstrated on the BERTHA B supply ship. Their business model involves selling the reactors and separators, often coupled with a multi-year membrane supply agreement to guarantee hydrogen purity and quantity. The company operates a membrane manufacturing facility in Bilbao, Spain, capable of producing tens of thousands of membranes annually.

H2site has secured significant funding to scale its technology and commercial operations. The company's first funding round was in March 2020. It raised €12.5 million in a Series A round in 2022, led by Breakthrough Energy Ventures (BEV) with participation from Equinor Ventures, ENGIE New Ventures, and others. In January 2025, H2site closed a Series B funding round of €36 million, co-led by Hy24 and SC Net Zero Ventures, with continued support from previous investors. This capital is intended to scale up production to multi-tons per day reactors by 2026 and expand into new markets, including North America.

Keywords: membrane reactors, hydrogen separation, on-site hydrogen production, ammonia cracking, methanol reforming, palladium-alloy membranes, fuel cell grade hydrogen, decarbonization, hydrogen carriers, syngas conversion, maritime hydrogen, decentralized energy, green hydrogen, hydrogen infrastructure, waste to hydrogen, hydrogen transport, TECNALIA, Breakthrough Energy Ventures, Equinor Ventures, ENGIE New Ventures

Valuation $100–500M
Revenue $1–10M
Headcount <100
Total funding $50–100M
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Company overview

H2site company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2019
Headquarters
Derio, Spain
Employees
72
Open positions
5
Dealroom signal
76.7
client focusb2btechnologyHardwaretechnologyDeep Techsub industryClean Energybusiness modelManufacturingbusiness modelSaaSsectorHydrogensectorMembranessectorIndustry 4.0sectorSpinoutsectorSustainable Development GoalssectorEICsectorIndustrial TechnologysectorEIC Fund

Valuation & funding

H2site funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Jun 2026 $0 Crane · Breakthrough Energy Ventures · Hy24 · Suma Capital
GRANTOther financing Mar 2025 $2.5M European Innovation Council
SERIES BOther financing Jan 2025 $46M $185M MassMutual Ventures · Breakthrough Energy Ventures · Gestión de Capital Riesgo del País Vasco · Enagás Emprende
GRANTOther financing Jun 2023 $495K Provincial Council of Bizkaia
GRANTOther financing Apr 2023 $0 Undisclosed
SUPPORT PROGRAMOther financing Jan 2023 BEAZ
SERIES AOther financing Jun 2022 Breakthrough Energy Ventures · Seed Capital Bizkaia · ENGIE New Ventures · Equinor Ventures
GRANTOther financing Jan 2022 Provincial Council of Bizkaia
GRANTOther financing Jan 2021 Provincial Council of Bizkaia
GRANTOther financing Jan 2021 Provincial Council of Bizkaia
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Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $2.4M 0% 72
2025 $2.4M 0% 71
2024 $2.4M 0% 61
2023 $2.4M +6.5% 38
2022 $2.2M +118% 17
2021 $1M 0%
2020 $1M
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Growth signals

H2site website traffic

Latest recorded traffic for H2site is 6K monthly website visits, up 400% over the last three months. H2site's team grew 1.4% over the past year.

Latest monthly visits6K 3-month web change+400% 1-year team growth+1.4%
Monthly website visits80 observations · Aug 2019–Jul 2026
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Comparisons

H2site compared with similar companies

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Talent graph

H2site's talent

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Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

21 investors on H2site's cap table

Sourced from Dealroom's funding and investor records.

Seed 4 investors entered at this stage
Basque Government
Provincial Council of Bizkaia
ENGIE New Ventures
European Innovation Council
Series A 14 investors entered at this stage
Breakthrough Energy Ventures
Seed Capital Bizkaia
Equinor Ventures
Gestión de Capital Riesgo del País Vasco
TECNALIA Ventures
Hy24
MassMutual Ventures
Enagás Emprende
EIC Fund
Suma Capital
Net Zero Ventures
Exergon
Crane
Calderion
Other known 3 additional known investors
BEAZ
BIC Bizkaia
TECNALIA

Global footprint

Where H2site has talent and traffic

Workforce by country
5 countries with
team presence
🇪🇸 Spain86.5%
🇳🇴 Norway5.8%
🇫🇷 France3.9%
🇬🇷 Greece1.9%
🇧🇪 Belgium1.9%
5 countries shown

In the news

Latest news about H2site

Recent press, funding announcements, and product moves mentioning H2site — open to read from the original sources.

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Market sentiment

What the market is saying about H2site

An AI-synthesized read of the highest-engagement posts about H2site on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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