Advanced Ionics, a developer of a new class of green hydrogen electrolyzers aimed at accelerating decarbonization, announced that it raised an additional $6.7 million in funding from strategic investors JERA, Lummus Venture Capital, the Argosy Foundation, and existing investors Clean Energy Venture Group and bp Ventures.
This new funding will be used to increase the development of its water-vapor electrolyzer technology and build out the company’s manufacturing and research and development facility.
Along with the new investment, Advanced Ionics’ board of directors has appointed a new chief executive officer, Ignacio Bincaz. And Ignacio has served as the company’s chief commercial officer since 2023. During this time, he played a significant role in fundraising and developing initiatives that would drive revenue growth, including a recently announced partnership with Lummus Technology. Before his role at…
