SWAN Impact Network is pleased to announce a follow-on investment in Advanced Ionics’ recent Series A Round.
Advanced Ionics, which develops a new category of hydrogen electrolyzers useful for expanding green hydrogen production, recently closed a $12.5 million Series A funding round led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.
The new funding round will help catalyze Advanced Ionics’ growth and facilitate the initial deployment of its Symbion water vapor electrolyzer technology for heavy industry. And water vapor electrolyzers address two of the biggest obstacles to expanding green hydrogen production: cost and electricity requirements.
More about the latest funding round can be found HERE.
SWAN participated in earlier funding rounds of the company in 2021.