Lummus Venture Capital Invests in Advanced Ionics to Revolutionize Hydrogen Production
Key Ideas
- Lummus Venture Capital has invested in Advanced Ionics to accelerate the commercialisation of its Symbion electrolyser technology for green hydrogen production.
- The electrolyser technology by Advanced Ionics aims to reduce electricity consumption by up to 40% compared to traditional technologies, contributing to decarbonisation efforts in heavy industries.
- The partnership between Lummus and Advanced Ionics is set to develop cost-efficient solutions that advance green hydrogen production and help decarbonise key sectors of the downstream energy industry.
- Shell's GameChanger programme is also supporting Advanced Ionics in scaling its hydrogen production project using the Symbion solution, indicating industry recognition and support.
Lummus Venture Capital has recently made an undisclosed investment in Advanced Ionics to propel the commercialisation pathway of its Symbion electrolyser technology, which is designed to support decarbonisation initiatives in industries like refining, gas processing, and petrochemicals. The Symbion technology is reported to consume up to 40% less electricity per kilogram of hydrogen produced compared to traditional alkaline and PEM technologies, thanks to its innovative design that harnesses waste heat and low-cost electricity. This investment will enable Lummus to provide engineering services and proprietary equipment to enhance green hydrogen capacity for both new and existing hydrogen users or producers. The modular design of the system allows for rapid deployment, ease of operation, and maintenance, ultimately reducing capital costs. Advanced Ionics' CEO highlighted that their water vapour electrolysers address key challenges in expanding decarbonised hydrogen production, particularly focusing on capital costs and electricity requirements. The collaboration between Lummus and Advanced Ionics signifies a significant step towards advancing green hydrogen production and decarbonising critical sectors of the downstream energy industry. Additionally, Shell's GameChanger programme's support for Advanced Ionics in scaling its hydrogen production project using the Symbion solution further highlights the industry's interest and investment in innovative hydrogen technologies.
Topics
Investing
Innovation
Investment
Green Technology
Decarbonisation
Partnership
Energy Industry
Electrolyser Technology
Commercialisation
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