Electrolyser developer Advanced Ionics has raised $6.7m in funding which will be used to scale up its technology and build out the company’s R&D facility.
Secured from strategic investors JERA, Lummus Venture Capital and the Argosy Foundation and existing investors Clean Energy Venture Group and bp Ventures, the funding is expected to accelerate technology commercialisation and deployment.
In addition to the new investment, the US firm, based in Wisconsin, has promoted Ignacio Bincaz from his role as Chief Commercial Officer (CCO) to CEO.
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