Advanced Ionics accelerates technology commercialisation
Published by Oliver Kleinschmidt,
Assistant Editor
Global Hydrogen Review,
Advanced Ionics, the developer of a new class of green hydrogen electrolysers aimed at accelerating decarbonisation, has announced that it has raised an additional US$6.7 million in funding from strategic investors JERA, Lummus Venture Capital, and the Argosy Foundation as well as existing investors Clean Energy Venture Group and bp Ventures.
This new capital will be used to increase the pace of development of its water-vapour electrolyser technology, as well as build out the company’s manufacturing and research and development facility.
“The missing piece of the green hydrogen market is a next-generation electrolyser technology like Advanced Ionics’ that can deliver affordable green hydrogen,” said Takashi Ueda, General Manager at JERA. “Advanced Ionics’ solution has the potential to transform industrial decarbonisation and we look forward to working with the company through its next phase of growth.”
In addition to the new investment, Advanced Ionics’ board of directors has appointed a new CEO, Ignacio Bincaz. Ignacio has served as the company’s chief commercial officer since 2023. During this time, he has played an instrumental role in fundraising and developing initiatives that will drive revenue growth, including a recently announced partnership with Lummus Technology. Before his role at Advanced Ionics, Ignacio served as the Head of North America for H2Pro and a Senior Vice President at Worley, Inc.
“The strategic investment from JERA, Lummus Technology, and bp Ventures underscores how we are creating a decarbonisation platform purpose-built for industrial customers,” commented Ignacio. “As we continue to focus on the commercialisation and deployment of our electrolyser technology, the additional investment will allow us to build on our recent successes and leverage these partnerships, accelerating our path to commercialisation. I’m excited to lead this fantastic team through the company’s next phase of growth.”
Chad Mason, Advanced Ionics’ founder, will now serve as the company’s chief technology officer. Here, Chad will lead the research and development of the company’s electrolyser technology and platform towards the first commercial products for industrial customers.
“Advanced Ionics is entering its next stage of development and I’m excited to have this additional strategic funding and Ignacio’s leadership to drive our commercialisation forward. We believe our technology has the potential to revolutionise this market at a time when new technology is most critical, and we’re building a world-class company to make that a reality,” concluded Chad Mason.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/14012025/advanced-ionics-accelerates-technology-commercialisation/
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