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Hydrogen Power

Ionomr gets funding for membranes

by Alexander H. Tullo
January 30, 2022 | A version of this story appeared in Volume 100, Issue 4

The membrane developer Ionomr Innovations has raised $15 million in a series A financing round led by Shell Ventures and Finindus, a Belgian investment firm linked to the steelmaker ArcelorMittal. Ionomr was founded in 2018 based on technology from Simon Fraser University. It is developing proton- and anion-exchange membranes that can be used in fuel cells and to generate hydrogen through water electrolysis. Ionomr says one advantage of its materials is that they don’t contain precious metals.

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