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
1 December 2023
Aircraft of varying sizes and in varying regions are likely to use different technolo-gies to decarbonise, making regulation challenging
30 November 2023
International investors are looking to exploit Morocco’s increasingly well-recognised potential to be one of the world’s top producers
30 November 2023
Production of green hydrogen and fuels from rapidly expanding renewable power sector becoming increasingly important to country’s energy strategy
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork