Advanced Ionics raises $4.2 million to make affordable green hydrogen for heavy industry

Advanced Ionics, a US-based provider of next-generation industrial electrolysers that can produce green hydrogen for less than $1
per kg, has announced the completion of a $4.2 million seed round led by Clean Energy Ventures and SWAN Impact Network. Advanced Ionics is reportedly aiming to decarbonise heavy industry, which is one of the most carbon-intensive industries, accounting for 20 per
cent of all greenhouse gas emissions.