Repsol Corporate Venturing invests in Stargate Hydrogen to promote the deployment of renewable hydrogen

It acquires a 3.1% stake in this Estonian startup that is developing technology capable of making the production of this energy vector more efficient

As part of its commitment to achieving net zero emissions by 2050, Repsol has set an ambitious goal: to increase its installed renewable hydrogen capacity to between 600 MW and 700 MW by 2030 and thus lead the deployment of renewable hydrogen in Europe. This is an energy vector in which it is researching and investing to bring solutions to market that will accelerate its implementation and is crucial to its decarbonization strategy. As part of its road map, the company is committed to investing in startups that develop technologies that will help it achieve its goal.

In this context, Repsol has decided to invest in Stargate Hydrogen, an innovative company based in Estonia, dedicated to the development and production of state-of-the-art electrolysers. Stargate Hydrogen, founded in 2021, has 67 employees and has succeeded in creating a new class of alkaline electrolysers based on a ceramic catalyst material and a patented stack design. These technological solutions significantly reduce the cost of producing renewable hydrogen compared to more widely used technologies.

Marko Virkebau, CEO of Stargate Hydrogen, said: "The value of Repsol's investment goes far beyond financial support for Stargate Hydrogen. Repsol is Spain's largest producer and consumer of hydrogen, and has a clear roadmap for the deployment of renewable hydrogen, giving it extensive experience in tackling hydrogen projects. We are excited to work together on multiple fronts, from research and product development to the commercial deployment of Stargate Hydrogen's innovative electrolyzer technology, which we are convinced can accelerate the decarbonization of the chemical industry."

Thanks to Repsol's experience and leadership in the hydrogen sector, this alliance promises to significantly boost Stargate Hydrogen's capacity to innovate and develop cutting-edge technologies.

"Renewable hydrogen is essential to our decarbonization roadmap. We are looking for innovative approaches to its production that will enable more efficient production. We have closely followed Stargate Hydrogen's work in recent years and are confident that it can be a great ally in accelerating our developments in renewable hydrogen," said Gema García, Director of Open Innovation and Corporate Venturing at Repsol.

Stargate Hydrogen is currently in the process of scaling its stacks from 0.5 MW to 5 MW, with the aim of meeting growing market demand for larger projects. In addition, the company is actively involved in European projects with leading partners, strengthening its position as a major player in the sector worldwide.

Repsol's investment in Stargate Hydrogen not only represents an important step toward its decarbonization goals, but also underscores its commitment to leading the deployment of renewable hydrogen across Europe.