Advanced Ionics Closes $12.5M Series A Financing
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BP PLC on Tuesday said venture capital arm, bp ventures, led a USD12.5 million financing round for Advanced Ionics, a US-based developer of electrolysers for green hydrogen production. Other... -Today at 04:26 am- MarketScreener
Green hydrogen, produced by splitting water through electrolysis using renewable energy, is expected to play a key role in decarbonising transport and industries. But it is produced today on a very small scale and costs up to five times more than the most common hydrogen produced from natural gas, which is highly carbon-intensive.
Hydrogen is one of bp’s five transition growth engines, which also include bioenergy, convenience, electric vehicle charging, and renewables & power. bp
Milwaukee-based energy equipment manufacturer Advanced Ionics has closed a $12.5 million Series A financing round.