Advanced Ionics, a Milwaukee, WI-based developer of hydrogen electrolyzers for expanding green hydrogen production, raised $12.5M in Series A funding.
The round was led by bp ventures, with participation from Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.
The company intends to use the funds to to expand its team, and accelerate growth and deployment of its Symbion™ electrolyzer technology for heavy industry, and deliver it to early customers.
Led by CEO Chad Mason, Advanced Ionics is a technology provider for the production of green hydrogen, committed to accelerating global decarbonization. Through its water vapor electrolyzer technology, the company seeks to enable the large-scale production of green hydrogen for heavy industry at a low-cost. The system is made of widely available steels and other simple materials rather than expensive metals or materials common in other electrolyzers.
FinSMEs
15/08/2023