About H2SITE
H2SITE is a company based in Spain founded in 2019 by Andrés Galnares.. H2SITE has raised $50.3 million across 5 funding rounds from investors including ENGIE, Enagás and Equinor. H2SITE offers products and services including Palladium-alloy Membranes, Membrane Reactors, and Membrane Separators. H2SITE operates in a competitive market with competitors including BayoTech, EvolOH, thyssenkrupp nucera, HIF Global and 1s1 Energy, among others.
- Headquarter Biscay, Spain
- Founders Andrés Galnares
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Hydrogen Onsite, S.L.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50.3 M (USD)
in 5 rounds
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Latest Funding Round
$37.08 M (USD), Series B
Jan 16, 2025
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Investors
ENGIE
& 12 more
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Employee Count
Employee Count
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Products & Services of H2SITE
H2SITE offers a comprehensive portfolio of products and services, including Palladium-alloy Membranes, Membrane Reactors, and Membrane Separators. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Membranes that selectively extract high-purity hydrogen from feedstocks.
Reactors for splitting hydrogen from molecules like ammonia.
Systems for filtering hydrogen in pipelines and storage.
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Funding Insights of H2SITE
H2SITE has successfully raised a total of $50.3M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $37.08 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $37.1M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series B - H2SITE | Valuation | Hy24 | |
| Jun, 2022 | Amount | Series A - H2SITE | Valuation | Breakthrough Energy | |
| May, 2020 | Amount | Grant - H2SITE | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in H2SITE
H2SITE has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include ENGIE, Enagás and Equinor. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate-backed venture capital fund
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by H2SITE
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - H2SITE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
H2site Comparisons
Competitors of H2SITE
H2SITE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BayoTech, EvolOH, thyssenkrupp nucera, HIF Global and 1s1 Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Low-carbon hydrogen production, transport, and storage solutions are provided.
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| domain | founded_year | HQ Location |
Electrolyzer stacks for clean hydrogen production are manufactured by EvolOH.
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| domain | founded_year | HQ Location |
thyssenkrupp nucera is engaged in green hydrogen and chemical electrolysis technologies.
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| domain | founded_year | HQ Location |
Green hydrogen is generated via electrolysis for decarbonization solutions.
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| domain | founded_year | HQ Location |
Green hydrogen production is facilitated through advanced electrochemical technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on H2site
Frequently Asked Questions about H2SITE
When was H2SITE founded?
H2SITE was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is H2SITE located?
H2SITE is headquartered in Spain. It is registered at Biscay, Spain.
Who is the current CEO of H2SITE?
Andrés Galnares is the current CEO of H2SITE. They have also founded this company.
Is H2SITE a funded company?
H2SITE is a funded company, having raised a total of $50.3M across 5 funding rounds to date. The company's 1st funding round was a Grant of $152.39K, raised on Mar 05, 2020.
What does H2SITE do?
Founded in 2019 in Biscay, Spain, H2SITE operates in the clean energy sector, focusing on hydrogen production technologies. Solutions for on-site hydrogen generation are offered to reduce environmental impacts from transportation and leakage. Hydrogen is produced from ammonia and methanol through electrolysis processes, supporting industrial applications in sustainable energy infrastructure across Europe.
Who are the top competitors of H2SITE?
H2SITE's top competitors include EvolOH, thyssenkrupp nucera and BayoTech.
What products or services does H2SITE offer?
H2SITE offers Palladium-alloy Membranes, Membrane Reactors, and Membrane Separators.
Who are H2SITE's investors?
H2SITE has 13 investors. Key investors include ENGIE, Enagás, Equinor, Spri, and European Union.
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