Spanish energy group Repsol has taken a minority stake in Stargate Hydrogen, an electrolyser manufacturer based in Europe, as part of efforts to accelerate its renewable hydrogen strategy and expand technological capabilities in the sector.
The investment follows Stargate’s €11 million Series A funding round earlier this year and the inauguration of its new production facility. The partnership is expected to support Stargate’s expansion in manufacturing, research and development, and commercial operations across Europe, the Middle East, and Asia.
“Repsol is the largest producer and consumer of hydrogen in Spain; therefore, it has extensive first-hand experience of the complexities of hydrogen projects,” said Marko Virkebau, CEO of Stargate Hydrogen. “We are delighted that this partnership will allow us to work together on multiple fronts, from R&D and product development to commercial deployment of Stargate’s innovative electrolyser technology.”
Repsol, aiming to install between 700 megawatts (MW) and 1.2 gigawatts (GW) of hydrogen capacity by 2030, has identified renewable hydrogen as a key pillar in its decarbonisation roadmap.
“Renewable hydrogen is essential to our decarbonisation roadmap,” said Gema García, director of open innovation and corporate venturing at Repsol. “We have closely followed Stargate Hydrogen’s work in recent years and are confident that it can be a great ally for us to accelerate our renewable hydrogen developments.”
Stargate’s proprietary technology includes ceramic catalyst materials and a novel electrolyser stack design, which the company says allows for cost-effective large-scale hydrogen production. Current production capacity stands at 140MW annually, with the potential to scale to 1GW with modest investment, according to the company.
The collaboration is grounded in a mutual objective to lower the cost of renewable hydrogen and support the decarbonisation of hard-to-abate industrial sectors.
