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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.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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