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Startup raised 12.5 M for the development of a new electrolyser project

Advanced logics the developer of a new category of hydrogen electrolyzers useful for expanding green hydrogen production, closed a $12.5 million Series A financing led by bp ventures, with additional investors including Clean Energy Ventures, GVP Climate, and Mitsubishi Heavy Industries, the company announced on 15 August.

The new capital will help catalyze Advanced Ionics’ growth and facilitate the initial deployment of its Symbion™ water vapor electrolyzer technology for heavy industry. 

Statement https://is.gd/LP5Xwx

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