Climate

Advanced Ionics nets $12.5M Series A to inject green hydrogen into heavy industry

Comment

Steam rises from a new ammonia production unit.
Image Credits: Andrey Rudakov/Bloomberg / Getty Images

When people talk about hydrogen these days, they almost always mention transportation. I get it: People are used to filling up tanks, not charging cars. But from a practical perspective, transportation is not a great use for hydrogen.

“Hydrogen is really terrible to store and to transport,” said Chad Mason, founder and CEO of Advanced Ionics.

Which is why Advanced Ionics is a hydrogen company that has nothing to do with transportation. Instead, the startup is focused on heavy industry, which represents about a third of global emissions.

“Hydrogen is one of the main feedstocks for a vast majority of industrial processes,” Mason told TechCrunch+. It’s essential for the ammonia used to make fertilizers and for many petrochemical processes used to make everything from plastics to synthetic rubber and lubricants. Even steel and glass production could benefit from a decarbonized source of hydrogen.

Amid the crowd of hydrogen companies hoping to elbow their way into these markets, Advanced Ionics hopes its more efficient approach to using electrolysis will give it an unfair advantage in producing hydrogen.

Today, much of the world’s hydrogen supply comes from what’s called steam-reformed methane. Basically, steam is mixed with methane gas, producing hydrogen and carbon dioxide. Electrolyzers, on the other hand, use electricity to split water into hydrogen and oxygen. If they’re powered by renewable energy, then the process can be carbon-free.

But they’re not perfect.

Most efforts to produce hydrogen work at either relatively low temperatures or high temperatures. Advanced Ionics’ electrolyzers, though, work at temperatures that are not too high or low, basically the same range at which many industrial processes already take place. That means the heat requirements for the startup’s equipment are the same as what’s already available at those sites.

“With electrolysis, you can’t get around thermodynamics,” Mason said. “So the best thing you can do is use water vapor steam, because at that point, you’ve already overcome the heat of vaporization of water.”

High-temperature electrolyzers follow that logic, and as a result, they don’t need as much electricity since the heat helps kick-start the chemical reaction. But existing designs require steam heated to 700°C–800°C, which takes lots of energy to generate. On the other hand, low-temperature electrolyzers are made of exotic elements and need massive amounts of electricity to run.

So instead, Advanced Ionics is targeting the midpoint between 200°C and 600°C, where a lot of industrial processes already operate. That eliminates the need for exotic materials and also reduces the energy needed to generate the steam and the amount of electricity required to drive the electrolyzer.

The startup recently announced a $12.5 million Series A led by BP Ventures, with Clean Energy Ventures, Mitsubishi Heavy Industries and GVP Climate also participating. The company was part of the 2022 TechCrunch Startup Battlefield 200 cohort and even went on to become a finalist.

With that funding, Mason said his company will continue working on its pilot projects, which include both equipment and manufacturing, and expand the team. Advanced Ionics is based in Milwaukee, which Mason has found to be a great fit for the company.

“I found a good community here,” he said. “I could throw a rock and hit any number of suppliers of parts and equipment and processes really quickly.” Plus, he adds, “there’s a lot of folks in the area that want to go on a different path in their career and want to work in a startup. So there’s just an amazing talent pool here to draw from in the trades and engineering and sciences.”

Advanced Ionics’ efforts so far show promise. The company’s electrolyzer can already produce 1 kg of hydrogen with 35 kWh of electricity, significantly undercutting today’s commercial electrolyzers, which require just over 50 kWh to do that. Taking the project from pilot to commercial scale will require some feats of engineering, but the company already appears to have a solid technical foundation and plenty of interest from the sorts of companies it hopes to court.

More TechCrunch

PayHOA, a previously bootstrapped Kentucky-based startup that offers software for self-managed homeowner associations (HOAs), is an example of how real-world problems can translate into opportunity. It just raised a $27.5…

Meet PayHOA, a profitable and once-bootstrapped SaaS startup that just landed a $27.5M Series A

Restaurant365, which offers a restaurant management suite, has raised a hot $175M from ICONIQ Growth, KKR and L Catterton.

Restaurant365 orders in $175M at $1B+ valuation to supersize its food service software stack 

Venture firm Shilling has launched a €50M fund to support growth-stage startups in its own portfolio and to invest in startups everywhere else. 

Portuguese VC firm Shilling launches €50M opportunity fund to back growth-stage startups

Chang She, previously the VP of engineering at Tubi and a Cloudera veteran, has years of experience building data tooling and infrastructure. But when She began working in the AI…

LanceDB, which counts Midjourney as a customer, is building databases for multimodal AI

Trawa simplifies energy purchasing and management for SMEs by leveraging an AI-powered platform and downstream data from customers. 

Berlin-based trawa raises €10M to use AI to make buying renewable energy easier for SMEs

Lydia is splitting itself into two apps — Lydia for P2P payments and Sumeria for those looking for a mobile-first bank account.

Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria

Cargo ships docking at a commercial port incur costs called “disbursements” and “port call expenses.” This might be port dues, towage, and pilotage fees. It’s a complex patchwork and all…

Shipping logistics startup Harbor Lab raises $16M Series A led by Atomico

AWS has confirmed its European “sovereign cloud” will go live by the end of 2025, enabling greater data residency for the region.

AWS confirms will launch European ‘sovereign cloud’ in Germany by 2025, plans €7.8B investment over 15 years

Go Digit, an Indian insurance startup, has raised $141 million from investors including Goldman Sachs, ADIA, and Morgan Stanley as part of its IPO.

Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO

Peakbridge intends to invest in between 16 and 20 companies, investing around $10 million in each company. It has made eight investments so far.

Food VC Peakbridge has new $187M fund to transform future of food, like lab-made cocoa

For over six decades, the nonprofit has been active in the financial services sector.

Accion’s new $152.5M fund will back financial institutions serving small businesses globally

Meta’s newest social network, Threads, is starting its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months.

Threads finally starts its own fact-checking program

Looking Glass makes trippy-looking mixed-reality screens that make things look 3D without the need of special glasses. Today, it launches a pair of new displays, including a 16-inch mode that…

Looking Glass launches new 3D displays

Replacing Sutskever is Jakub Pachocki, OpenAI’s director of research.

Ilya Sutskever, OpenAI co-founder and longtime chief scientist, departs

Intuitive Machines made history when it became the first private company to land a spacecraft on the moon, so it makes sense to adapt that tech for Mars.

Intuitive Machines wants to help NASA return samples from Mars

As Google revamps itself for the AI era, offering AI overviews within its search results, the company is introducing a new way to filter for just text-based links. With the…

Google adds ‘Web’ search filter for showing old-school text links as AI rolls out

Blue Origin’s New Shepard rocket will take a crew to suborbital space for the first time in nearly two years later this month, the company announced on Tuesday.  The NS-25…

Blue Origin to resume crewed New Shepard launches on May 19

This will enable developers to use the on-device model to power their own AI features.

Google is building its Gemini Nano AI model into Chrome on the desktop

It ran 110 minutes, but Google managed to reference AI a whopping 121 times during Google I/O 2024 (by its own count). CEO Sundar Pichai referenced the figure to wrap…

Google mentioned ‘AI’ 120+ times during its I/O keynote

Firebase Genkit is an open source framework that enables developers to quickly build AI into new and existing applications.

Google launches Firebase Genkit, a new open source framework for building AI-powered apps

In the coming months, Google says it will open up the Gemini Nano model to more developers.

Patreon and Grammarly are already experimenting with Gemini Nano, says Google

As part of the update, Reddit also launched a dedicated AMA tab within the web post composer.

Reddit introduces new tools for ‘Ask Me Anything,’ its Q&A feature

Here are quick hits of the biggest news from the keynote as they are announced.

Google I/O 2024: Here’s everything Google just announced

LearnLM is already powering features across Google products, including in YouTube, Google’s Gemini apps, Google Search and Google Classroom.

LearnLM is Google’s new family of AI models for education

The official launch comes almost a year after YouTube began experimenting with AI-generated quizzes on its mobile app. 

Google is bringing AI-generated quizzes to academic videos on YouTube

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: Watch all of the AI, Android reveals

Google Play has a new discovery feature for apps, new ways to acquire users, updates to Play Points, and other enhancements to developer-facing tools.

Google Play preps a new full-screen app discovery feature and adds more developer tools

Soon, Android users will be able to drag and drop AI-generated images directly into their Gmail, Google Messages and other apps.

Gemini on Android becomes more capable and works with Gmail, Messages, YouTube and more

Veo can capture different visual and cinematic styles, including shots of landscapes and timelapses, and make edits and adjustments to already-generated footage.

Google Veo, a serious swing at AI-generated video, debuts at Google I/O 2024