7Nov
News
Deeptech startup H2SITE announces new factory in Bizkaia
The new company, H2SITE, to be located in Bizkaia province (Spain), is the result of a partnership between TECNALIA, ENGIE Group headquartered in Paris and the Eindhoven University of Technology (TUe)
Hydrogen is set to become a key element for the decarbonisation of the energy, industry and mobility for the acceleration of the energy transition towards a low-carbon economy that helps to overcome one of the main challenges of renewable energy production: intermittent production unrelated to the demand. Hydrogen is not produced from renewable sources, instead being obtained from natural gas reforming processes in large centralised plants. This derives in high economic and environmental costs, due to its compression and transport to its points of use.
In this context, TECNALIA and the Eindhoven University of Technology (TUe) have been working together for 10 years on the file of high purity hydrogen production. They have recently been joined by ENGIE, a world’s leading company in the energy sector. The result is H2SITE, an industrial start-up set up to increase production of high-purity hydrogen using more efficient and more cost-effective technology. This is also the first time that one of the world's leading funds in the utilities sector, ENGIE New Ventures, invests in Spain.
