EMEA News
H2SITE Raises Over €42 Million to Scale Hydrogen Production Technology
Hydrogen technology company H2SITE has completed the second closing of its series B funding round, raising total investment to more than €42 million.
The latest funding brings in the EIC Fund and a private investor, joining existing investors including BEV, Suma Capital, Hy24, Crane, Enagás Emprende, Calderion and CRPV, the firm said in a press release on Thursday.
The new capital will support large-scale industrial projects, expand manufacturing capacity, and accelerate the global commercialisation of its hydrogen production and separation technologies, with a focus on Asia.
In 2023, H2SITE commissioned its onboard ammonia cracking system to generate hydrogen to power a supply vessel, Bertha B.
The EIC Fund's investment builds on previous support through the EIC Accelerator programme, which helped advance H2SITE's ammonia cracking technology for low-carbon hydrogen production.
The technology is set to be deployed at the Port of Antwerp to support cleaner hydrogen supply chains for hard-to-abate industries.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| EMEA Average | 917.50 | 14.00 | 1740.00 | 21.00 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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