Statoil

Hydrogen technology company H2Site has raised 12.5 million euros in a Series A funding round led by Breakthrough Energy Ventures (BEV). The funding is to accelerate the scale up of the company’s integrated membrane reactor and membrane separation technologies.

Equinor has transferred its participating interests in four Russian joint ventures to Rosneft. The move to exit all its joint ventures in the country was announced earlier in February by the company as a protest against Russia’s invasion of Ukraine.