French multinational energy and utility company ENGIE has made a strategic investment in H2SITE, a hydrogen technology platform based in Spain.
ENGIE made in investment through its corporate venture capital arm ENGIE New Ventures
Created by Tecnalia research and technology centre and Eindhoven University of Technology, H2SITE aims to commercialise a membrane reactor-based system able to produce high purity hydrogen, on customer’s premises, from various hydrogen carriers such as methane in particular biomethane and ammonia.
“Our investment in H2SITE lies at the heart of the energy transition that ENGIE is leading in particular by fostering and participating in the development of a market for hydrogen,” said Shankar Krishnamoorthy.
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