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Advanced Ionics Raises $6.7M for Technology Development and Commercialization
Jan 08, 2025•over 1 year ago
Contract Type
partnership
MilwaukeeEnergy
Description
Advanced Ionics has raised an additional $6.7 million in funding from strategic investors JERA, Lummus Venture Capital, and the Argosy Foundation to accelerate the development of its water-vapor electrolyzer technology. This new capital will also be used to expand the company’s manufacturing and research and development facility.
Company Information
Company
Advanced Ionics
Location
Milwaukee, Wisconsin, United States
About
Advanced Ionics is redefining the future of industrial hydrogen with innovative solutions that remove the "green premium" traditionally associated with green hydrogen production. Recognizing that current high costs are due to legacy fossil-based technologies and infrastructure, Advanced Ionics is pioneering new pathways to decarbonization, making green hydrogen accessible and affordable, and enabling a clean, sustainable future.
MilwaukeeEnergy