The Milwaukee-based startup Advanced Ionics has raised $4.2 million in initial financing to accelerate its efforts to supply industrial operations with green hydrogen.Why it matters: The company’s approach, if successful, would provide clean energy to difficult to decarbonize industries at a price widely seen as an inflection point for green hydrogen.The details: The financing was led by Clean Energy Ventures, which focuses on early-stage climate tech, with participation from the SWAN Impact Network.How it works: Advanced Ionics harnesses the waste-heat generated by factories and other industrial plants to reduce the amount of electricity that’s required to power electrolyzers to create green hydrogen.Electrolyzers typically demand large amounts of power to create hydrogen fuel — one reason that so-called “green hydrogen” remains especially costly.”We’re the first to come to…
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