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bp Leads $12.5 Million Investment in Advanced Ionics for Low-Cost Hydrogen Electrolyzer Technology

BP PLC

Published over 1 year ago

https://www.bp.com

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bp ventures, along with other investors, has led a $12.5 million Series A financing round for Advanced Ionics, a developer of hydrogen electrolyzers. The investment will support the growth and deployment of Advanced Ionics' Symbion electrolyzer technology, which aims to expand green hydrogen production in heavy industry. The Symbion water vapor electrolyzer addresses the challenges of cost and electricity requirements in green hydrogen production. This investment will help accelerate Advanced Ionics' growth and enable the initial deployment of its technology.

Source: BP PLC

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