Advanced Ionics, an American electrolyzer manufacturer, has secured $12.5 million in a Series A financing round from BP Ventures, the ventures capital arm of oil major BP. The funding was led by bp ventures, with participation from other investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate. Advanced Ionics has developed an original electrolyzer technology that deviates from conventional solid oxide electrolyzer cells (SOEC) by utilizing water vapor instead. The company’s objective is to enhance hydrogen production cost-efficiency by significantly reducing the necessary operating expenses. The company claims that its technology boasts exceptional efficiency, demanding only under 46 kWh of clean energy input to generate 1 kg of green hydrogen. This stands in contrast to the energy requirements…