Ionomr Innovations Inc. has closed a $15 million US Series A funding round with lead investors Shell Ventures and Finindus, joined by Chevron Technology Ventures (CTV), NGIF Cleantech Ventures and Pallasite Ventures.
“This strategic investment demonstrates the industry’s confidence in Ionomr’s leading membrane and polymer technology,” said Bill Haberlin, CEO of Ionomr Innovations. “Green hydrogen production, hydrogen fuel cells and efficient carbon utilization are all 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. The backing of these industry partners will allow us to significantly accelerate scale-up and deployment and realize our potential for revolutionizing the enabling materials in this field.”
The funding will allow…
Start-up works to transform the hydrogen economy
