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Related Articles
US confirms early sunset for hydrogen tax credits
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
Namibia eyes diversifying energy mix as oil stalls
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
Klaipeda advances ‘unique’ port project
Lithuanian port is first in Baltic region to install electrolyser to supply green hydrogen to maritime and road transport users
South Africa’s green hydrogen plans edge forward
Funding deals for two major projects lift the mood in a sector hampered by local bureaucratic delays and bearish global sentiment
Oman sees green opportunities amid global trade war
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
Europe should partner with China in clean hydrogen race
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
Egyptian green hydrogen in holding position
Investors remain committed to development but are waiting on greater international market certainty
India bullish on green hydrogen potential
The government has ambitions to scale up production and become a major exporter by the end of the decade
Spain tightens grip on EHB green subsidies
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels
BP is investing in the hydrogen sector
US Majors Renewables
Stuart Penson
15 August 2023
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BP backs US developer of low-cost electrolysers

Advanced Ionics’ water vapour technology could produce green hydrogen at scale for less than $1/kg, oil major says

BP has invested in Advanced Ionics, a US-based developer of “disruptive” water vapour electrolyser technology that it says has the potential to produce green hydrogen at scale for under $1/kg. The oil and gas major led a recently closed $12.5m funding round for Milwaukee-based Advanced Ionics, alongside other investors including US-based Clean Energy Ventures, Japan’s Mitsubishi Heavy Industries, and GVP Climate. “Advanced Ionics’ technology has the potential to drive down cost and disrupt the hydrogen market” said Gareth Burns, vice-president of BP Ventures. “BP has a global portfolio of hydrogen projects, and as the world transitions to a net-zero future, it is important to us to be invest

Also in this section
US confirms early sunset for hydrogen tax credits
4 July 2025
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
EU under fire over blue hydrogen definition
1 July 2025
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report

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