Lummus Venture Capital has invested an undisclosed amount in Advanced Ionics to accelerate its electrolyser commercialisation pathway.
The Symbion electrolyser technology has been designed to support decarbonisation efforts in the refining, gas processing and petrochemical industries.
Under the investment, Lummus will provide engineering services and supply proprietary equipment to create additional green hydrogen capacity for new builds and existing hydrogen users or producers.
H2 View understands that, by harnessing waste heat and low-cost electricity, the solutions use up to 40% less electricity per kilogram of hydrogen produced than alkaline and PEM technologies.
The system’s modular design also ensures “rapid deployment, ease of operation and maintenance, and the use of widely available components helps reduce capital costs,” according to the US-based firm, Advanced Ionics.
“Lummus has a proven track record of serving as a launchpad for innovative technologies,” explained Leon de Bruyn, President and CEO of Lummus Technology.
“With Advanced Ionics, we will leverage this experience to develop and deploy cost-efficient solutions that advance green hydrogen production and help decarbonise key sectors of the downstream energy industry.”
Chad Mason, Advanced Ionics’ CEO, added, “Water vapour electrolysers address two of the biggest challenges to expanding decarbonised hydrogen production: capital costs and electricity requirements.
“Our partnership with Lummus Technology – and their additional investment – marks a pivotal next step in accelerating the commercialisation of technology, which was purpose-built for decarbonising heavy industry.”
In September, Shell’s GameChanger programme announced it would support Advanced Ionics’ pilot hydrogen production project using its Symbion solution. Specifically, Shell would help scale the second-generation stack towards commercialisation.
Read more:Shell to support Advanced Ionics’ novel hydrogen production project
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