A young start-up specialising in a new category of hydrogen electrolysers for green hydrogen production has closed a $12.5m Series A financing round led by bp Ventures.
Along with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries (MHI) and GVP Climate, the new capital will help accelerate the growth of Advanced Ionics (AI) and deployment of its Symbion water vapour electrolyser technology.
According to the company, its electrolyser helps reduce the cost and electricity requirements for green hydrogen production by symbiotically integrating with standard industrial processes to harness available heat.
... to continue reading you must be subscribed
