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Hydrogen Power

BP invests in steam electrolyzer firm

by Craig Bettenhausen
August 31, 2023 | A version of this story appeared in Volume 101, Issue 29

 

The hydrogen electrolyzer maker Advanced Ionics has closed a $12.5 million series A fundraising round led by the venture capital arm of the petroleum giant BP. The water-vapor electrolysis cells that Advanced Ionics is developing could produce green hydrogen for as little as $1 per kg because the system can harvest surplus heat from industrial processes, the company says. Other firms such as Utility Global and FuelCell Energy are also developing electrolyzers that operate in the gas phase to get an efficiency boost by upgrading waste heat.

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