Ionomr Innovations closes USD$20M Series A-4 Financing with broad industry participation
The funding will allow Ionomr to further scale its ion-exchange membranes and polymers, Aemion® and Pemion®, that are fundamental to accelerating the hydrogen economy -- from production of H2 gas and chemicals through electrolysis to efficient use of hydrogen in fuel cells. Ionomr's superior materials can make more efficient, cost-competitive solutions possible, including eliminating expensive precious metal requirements from hydrogen production, CO2 electrolysis and supporting higher-temperature fuel cell solutions.
- "We are delighted to receive the financial support of industry players that represent the full spectrum of the hydrogen ecosystem," said Bill Haberlin, CEO of Ionomr Innovations.
- "The participation of leaders across our industry underscores that Ionomr is delivering proven competitive advantages to our customers and their system users.
- Green hydrogen production, hydrogen fuel cells and efficient carbon utilization are critical to reducing emissions in hard-to-decarbonize heavy industries such as steel making, chemical production, long-term seasonal energy storage, heavy-duty transport, aviation and shipping.
- Ionomr's superior materials can make more efficient, cost-competitive solutions possible, including eliminating expensive precious metal requirements from hydrogen production, CO2 electrolysis and supporting higher-temperature fuel cell solutions.