Business Wire

H2SITE Secures €3.4 Million (NOK 39.1 million) in Enova Funding to Scale Onboard Ammonia-To-Power for Commercial Maritime Applications

22.9.2026 07:00:00 EEST | Business Wire | Press release

Share

H2SITE has secured €3.4 million (NOK 39.1 million) in funding from Enova for HydraNord Power, a project that will develop and validate a commercial-scale onboard ammonia-to-power system for the maritime sector.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260921324898/en/

Enova is one of the Norwegian government's primary instruments for accelerating the country's climate and energy transition. Its primary responsibility is to manage the Climate and Energy Fund on behalf of the Norwegian government. For H2SITE, Enova’s support is a major milestone in the commercialisation of its onboard ammonia cracking technology, enabling the company to scale from proven maritime demonstrations to replicable commercial solutions for the global shipping industry.

Led by H2SITE, HydraNord Power will convert ammonia into high-purity hydrogen directly onboard vessels. The system will produce up to one tonne of hydrogen per day and supply maritime fuel cells delivering 700 kW of net electrical power.

The project represents a step-change in scale for H2SITE. It builds on several smaller maritime ammonia-to-hydrogen projects, including units already in operation. With an output representative of commercial auxiliary power requirements onboard vessels, HydraNord Power moves the technology beyond smaller-scale demonstrations and towards repeatable commercial deployment.

H2SITE’s membrane reactor integrates ammonia cracking and hydrogen separation in a single process, producing fuel-cell-grade hydrogen while protecting the fuel cells from ammonia contamination. Its compact and modular architecture is designed for both newbuild and retrofit projects, as well as fuel-cell-only and hybrid power systems. Multiple modules can be deployed in parallel to address larger power requirements, providing a standardised building block for future multi-megawatt installations.

“HydraNord Power takes ammonia-to-power from successful smaller deployments into a commercially relevant power range,” said Andrés Galnares, CEO of H2SITE. “At 700 kW net, we are addressing a real onboard power requirement with a standardised system that can be replicated across vessels and scaled into larger installations. Enova’s support allows us to demonstrate this under representative operating conditions and opens a significant market opportunity in maritime segments where direct electrification is not viable.”

HydraNord Power brings together H2SITE, Equinor, Höegh Autoliners, Breeze Ship Design, Sustainable Energy Catapult Centre, Alltec and Maritime CleanTech. Together, the partners cover vessel requirements, system design, fuel cells, site integration, testing and project coordination, ensuring that the solution is developed around real maritime operating needs rather than as a standalone technology demonstration.

The complete system will be installed and tested at Energy House in Stord, Norway, under conditions representative of commercial maritime operations. Development and integration will take place during 2027, with commissioning planned for early 2028.

HydraNord Power initially targets auxiliary and hybrid power applications in deep-sea shipping, offshore operations and other energy-intensive maritime segments. Its standardised modular design will enable the same core technology to be deployed across different vessel classes and power levels, creating a repeatable path from first commercial installations to broader fleet adoption.

About H2SITE

H2SITE is an industrial technology company and infrastructure partner enabling competitive hydrogen and derivatives solutions for large-scale decarbonisation. Through its proprietary membrane reactor technology, H2SITE delivers scalable, standardised and bankable systems for hydrogen production, separation and ammonia cracking. Designed for industrial deployment, its solutions support efficient hydrogen logistics and decentralised generation models.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260921324898/en/

Contacts

andres.galnares@h2site.com
CEO H2SITE

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

www.businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Seiden Law LLP issues statement: Prosecuted by Press Conference: Declared Guilty Without a Charge, Yim Leak Family Asks UN Human Rights Experts to Hold Thailand to Its Own Treaty Commitments8.10.2026 19:26:00 EEST | Press release

Seiden Law LLP, chief global counsel to Cambodian businessman Yim Leak, announced today that Jared Genser, international counsel to Mr. Yim and his wife, has asked two UN Special Rapporteurs to send an urgent appeal to the Thai government. The request is made on behalf of the couple and their seven-year-old son. It says Thailand violated its international human rights commitments by announcing the family’s guilt before any court had tried them, and by freezing their assets, including their minor son’s savings, without a hearing. Six Official Statements in Nine Months. No Charge Filed in Any Court. Between December 2025 and September 2026, Thai officials described Mr. Yim as the center of a criminal network on six occasions: at two press conferences chaired by the head of the Thai government, in the House of Representatives, and in three government press releases. The head of the Thai government said the network had been “found to have committed” offenses. Asked about the suspects’ lawy

Sam Altman-Backed Meanwhile Raises $37.5M as Families Across Asia, Europe and the Middle East Turn to Bitcoin Life Insurance8.10.2026 19:12:00 EEST | Press release

Meanwhile, the first life insurer licensed to operate entirely in Bitcoin, today announced $37.5 million in new funding from its existing investors. Bain Capital Crypto led the round, alongside Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. Meanwhile, whose backers also include Sam Altman, has now raised more than $180 million. The round follows a surge in international demand for Meanwhile’s Bitcoin life insurance policies, particularly in Asia, Europe and the Middle East amid broader macro instability. In early 2026, Meanwhile launched BTC Life 1-Pay, a single-premium whole life policy built for high-net-worth clients outside the United States. It is the company's second product line after BTC 10-Pay, which is purposely designed for US taxpayers. As the company eyes further international growth, Meanwhile has signed 15 brokers serving wealthy families since launch, including in the insurance hubs of Singapore

Andersen Consulting Adds TalentSmartEQ to Advance Leadership and Business Transformation8.10.2026 17:38:00 EEST | Press release

Andersen Consulting expands its human capital capabilities through a Collaboration Agreement with TalentSmartEQ, a San Diego-based firm focused on creating practical, engaging and actionable learning experiences rooted in emotional intelligence (EQ) and leadership development. For more than two decades, TalentSmartEQ has worked with organizations around the world to develop leadership skills through emotional intelligence, helping strengthen employee engagement, teamwork, and overall performance. The firm combines research-based methodology with practical learning experiences, assessments, coaching, and customized programs that are designed to translate EQ development into sustained changes in workplace behavior. As an industry leader, TalentSmartEQ works with organizations spanning Fortune 500 companies to government agencies and privately held businesses. “Organizations are asking more of their leaders and employees as the workplace continues to evolve,” said Howard Farfel, CEO of Ta

Toluna Announces Planned CEO Transition After 25 Years; Founder Frédéric Charles Petit to remain as Board Member, Senior Advisor and Shareholder8.10.2026 17:20:00 EEST | Press release

Toluna, a global leader in consumer insights and market research technology, today announces a planned leadership transition. After 25 years leading the company he founded, Frédéric Charles Petit, Founder and Chief Executive Officer, intends to transition from his role as CEO following the appointment of his successor as part of a carefully planned succession process designed to ensure continuity for clients, employees and partners. Following the transition, Mr. Petit will continue to serve on Toluna's Board of Directors, will remain a significant shareholder of the company, and will take on an ongoing strategic advisory role for areas central to Toluna's next phase of growth. The Board, in close consultation with Mr. Petit, has initiated a structured succession process. A comprehensive transition plan is in place, including a defined handover with Mr. Petit, to ensure continuity for the company’s clients, employees, and partners. The Board expects to confirm the appointment of the com

CSC Wins for Threat Intelligence Innovation in 2026 CyberSecurity Breakthrough Awards8.10.2026 17:00:00 EEST | Press release

CSC, an enterprise-class domain registrar and world leader in detecting and mitigating brand, fraud, domain, and Domain Name System (DNS) threat vectors, today announced that its 3D Domain Security and Global Enforcement solution won for Threat Intelligence Innovation in the 10th annual CyberSecurity Breakthrough Awards. The awards recognize the most innovative companies, products, and technologies driving progress in the global information security industry. CSC’s 3D Domain Security and Global Enforcement solution for the enterprise domain ecosystem combines advanced AI machine learning technology, proprietary domain threat intelligence, expert analysis, and integrated global enforcement. With this technology, organizations can detect, understand, and act on external cyber threats targeting their brand online across social media, search engines, email, and e-commerce websites. By uncovering high-risk domains and providing a multidimensional view of threat vectors outside the firewall

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye