Advanced Ionics
Advanced Ionics develops Symbion™ water vapor electrolyzers that integrate with industrial facilities to produce green hydrogen at lower cost, serving heavy industry customers in ammonia, refining, and steel.
- Company typePrivate
- Founded2018
- HeadquartersMilwaukee, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Advanced Ionics does
Advanced Ionics is a privately-held developer of water vapor electrolyzer technology for industrial-scale green hydrogen production. Founded in 2017 and headquartered in New Berlin, Wisconsin (Milwaukee area), the company manufactures the Symbion™ electrolyzer, which operates in an intermediate temperature range between liquid water and superheated steam, enabling it to harness waste and process heat from industrial facilities. The technology uses widely available steels and common materials rather than expensive metals, claiming to reduce electricity requirements by 40-50% versus conventional alkaline and PEM electrolyzers, with a target production cost below $1 per kilogram of hydrogen.
The company sells its electrolyzer systems to industrial customers in heavy industry segments including ammonia production, refining, steel, and energy-intensive chemicals. Its primary go-to-market is an enterprise field sales motion conducted through strategic partnerships with major energy technology companies such as Lummus Technology, which provides engineering services, proprietary equipment, and customer access. Additional channels include an Early Access Program for technology validation with innovative potential customers. Revenue is generated primarily through hardware sales of electrolyzer systems.
The company has raised over $25M cumulatively from strategic investors including bp ventures, JERA, Lummus Technology, Mitsubishi Heavy Industries, Clean Energy Ventures, GVP Climate, and Argosy Foundation. It shipped its first commercial stacks to the Lummus Technology pilot in Pasadena, Texas in July 2026, marking its transition from pilot to initial commercial deployment. The company has 11-50 employees and is led by CEO Ignacio Bincaz (appointed January 2025), with founder Chad Mason serving as CTO.
Advanced Ionics firmographics
Firmographics- Name
- Advanced Ionics
- Legal name
- Advanced Ionics Inc
- Website
- https://advanced-ionics.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Advanced Ionics develops Symbion™ water vapor electrolyzers that integrate with industrial facilities to produce green hydrogen at lower cost, serving heavy industry customers in ammonia, refining, and steel.
- Ownership category
- akta.pro rank
Advanced Ionics industry classification
Industry- Product category
- Industrial Electrolyzers
- NAICS
- Industrial Gas Manufacturing (32512)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
- akta.pro secondary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
Keywords
Where Advanced Ionics is headquartered
LocationHeadquarters
- HQ city
- Milwaukee
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Advanced Ionics business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- Electrolyzer Hardware Sales: Sale of Symbion™ electrolyzer systems to industrial customers for green hydrogen production. The company sells its electrolyzer technology and provides systems designed for integration with industrial facilities.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Advanced Ionics product offering
Product offeringCore offering
Advanced Ionics designs and manufactures the Symbion™ water vapor electrolyzer, a modular system that integrates with industrial facilities to harness available process and waste heat and produce green hydrogen on site. The system uses widely available steels rather than expensive metals, operates in an intermediate temperature range between liquid water and superheated steam, and targets hydrogen production at less than $1 per kilogram with up to 50% lower electricity use than conventional electrolyzers. It is sold to industrial hydrogen producers and heavy industry customers through direct sales and partnerships with engineering firms such as Lummus Technology.
Product overview
Advanced Ionics offers a single core product: the Symbion™ Electrolyzer Technology. This is a water vapor electrolyzer system designed for industrial applications that leverages process and waste heat from existing industrial facilities to reduce electricity consumption. The technology enables on-site green hydrogen production for industrial decarbonization at significantly lower cost than conventional electrolyzers. The company operates a pilot program and is progressing toward commercial deployment through partnerships with Lummus Technology, bp, JERA, and ACWA Power.
Differentiator
Problem solved
Functional benefit
Brands
- Symbion: Water vapor electrolyzer technology that works with process and waste heat to produce green hydrogen for less than a dollar per kilogram, using up to 50% less electricity than other technologies.
Products and services
- Symbion™ Electrolyzer Technology Modular water vapor electrolyzer system that integrates with industrial facilities, harnessing available process and waste heat to produce green hydrogen on site at less than $1 per kilogram with up to 50% lower electricity use than conventional electrolyzers. Sold to industrial hydrogen producers and heavy industry customers such as ammonia, chemicals, refining, and steel operators.
- Early Access Program Pilot deployment and paid technology validation offering that allows industrial customers to evaluate the Symbion™ electrolyzer in their own facilities prior to full commercial scale-up. Targets innovative potential future customers and supports accelerated deployment.
Quantifiable outcome
- Electricity requirement of less than 35 kWh per kg of hydrogen compared to 50+ kWh for typical electrolyzers
- +3 more outcomes
Companies that use Advanced Ionics
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Advanced Ionics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Advanced Ionics partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- ACWA PowercoreMOU signing at ACWA Innovation Days 2026 for 'Collaboration to advance Novel Highly-Efficient Electrolytic Hydrogen Production.' Partnership aims to leverage ACWA's power and water delivery capabilities for major projects.
- Shell GameChangerminorCommercial and program partner that helped advance from promising technology toward real industrial deployment.
- Lummus TechnologycoreStrategic partnership and investment from Lummus Venture Capital to accelerate commercialization of Advanced Ionics' hydrogen electrolyzer technology and support decarbonization in refining, gas processing and petrochemical industries. Lummus provides engineering services and proprietary equipment to create additional green hydrogen capacity.
- Lummus Technology (Pilot - Pasadena, Texas)coreFirst commercial stack shipment to Lummus Technology pilot in Pasadena, Texas. Lummus operates the electrolyzer and manages balance of plant systems at their R&D facility.
- Repsol FoundationminorEarly Access Program for first paid pilot-study. The Entrepreneurs Fund of Repsol Foundation supports technology validation and scaling, preparing ground for early testers of full-scale electrolyzers.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Advanced Ionics competitors and assessment
Company assessmentBroad incumbents
- Bloom Energy: U.S.-listed solid-oxide fuel cell and electrolyzer company targeting industrial customers for on-site hydrogen and power. Broad incumbent in hydrogen hardware with mature commercial deployment, comparable to Advanced Ionics in heavy industry decarbonization.
- Plug Power: U.S.-listed hydrogen platform with PEM electrolyzers and fuel cell products, serving industrial gas and mobility customers. Engages Advanced Ionics' target industrial segments with broader hydrogen solution offerings including turnkey systems.
- Thyssenkrupp nucera: German-listed electrolyzer specialist focused on alkaline water electrolysis for green hydrogen and chlor-alkali. Broad incumbent in industrial-scale electrolysis, comparable to Advanced Ionics in targeting heavy industry decarbonization.
- Cummins (Accelera by Cummins): Major industrial OEM with Accelera hydrogen electrolyzer (PEM) business serving utility and industrial customers. Competitor to Advanced Ionics in delivering large-scale green hydrogen production systems, with significantly more capital and manufacturing scale.
Direct peers
- Nel ASA: Norwegian-listed electrolyzer leader producing alkaline and PEM electrolyzers for green hydrogen, selling to industrial and mobility customers. Directly competes with Advanced Ionics in the industrial-scale electrolyzer market, with a much larger installed base and balance sheet.
- Sunfire: German electrolyzer company developing both alkaline and solid-oxide (SOEC) electrolyzers for industrial green hydrogen. Comparable to Advanced Ionics in the heat-integrated/alternative-teology space and in targeting hard-to-abate industrial applications.
- ITM Power: UK-based PEM electrolyzer manufacturer selling green hydrogen production systems to industrial customers and project developers. Directly comparable to Advanced Ionics in targeting industrial-scale green hydrogen at <$1/kg economics.
- Electric Hydrogen: U.S. PEM electrolyzer startup focused on industrial-scale green hydrogen at low cost. Directly comparable to Advanced Ionics as a venture-backed challenger targeting industrial hydrogen economics.
Emerging players
- H2Pro: Israel-based startup developing alternative (E-TAC) water-splitting technology for green hydrogen. Comparable to Advanced Ionics as a non-PEM/non-alkaline challenger aiming for lower-cost green hydrogen production.
- Verdagy: U.S. electrolyzer startup developing large-format alkaline electrolyzers for industrial green hydrogen. Comparable to Advanced Ionics in targeting industrial-scale production with cost-down differentiation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Advanced Ionics social profiles
Digital presenceAdvanced Ionics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Advanced Ionics leadership team
Management profileNumber of profiles
Profiles5 records
Advanced Ionics funding detail
Funding detailFunding overview
Funding rounds6 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Advanced Ionics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Advanced Ionics
What does Advanced Ionics do?
Advanced Ionics designs and manufactures the Symbion™ water vapor electrolyzer, a modular system that integrates with industrial facilities to harness available process and waste heat and produce green hydrogen on site. The system uses widely available steels rather than expensive metals, operates in an intermediate temperature range between liquid water and superheated steam, and targets hydrogen production at less than $1 per kilogram with up to 50% lower electricity use than conventional electrolyzers. It is sold to industrial hydrogen producers and heavy industry customers through direct sales and partnerships with engineering firms such as Lummus Technology.
Is Advanced Ionics a public or private company?
Advanced Ionics is a private company. It is classified as venture growth investor backed and is currently operating.
When was Advanced Ionics founded?
Advanced Ionics was founded in 2018. It employs 11 to 50 people.
Where is Advanced Ionics based?
Advanced Ionics is headquartered in Milwaukee, United States, in the North America region.
How does Advanced Ionics make money?
One revenue line is on record: electrolyzer Hardware Sales.
Who are Advanced Ionics's main competitors?
Broad incumbents on record are Bloom Energy, Plug Power, Thyssenkrupp nucera and Cummins (Accelera by Cummins). Direct peers are Nel ASA, Sunfire, ITM Power and Electric Hydrogen. Emerging players are H2Pro and Verdagy.
Does Advanced Ionics have an API?
No public API is recorded for Advanced Ionics.
What industry is Advanced Ionics in?
Advanced Ionics's product category is Industrial Electrolyzers. Its primary akta.pro industry code is IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems), with a secondary code of IMAEACAB, Hydrogen (Industrial & Mobility). Its NAICS code is 32512 and its SIC code is 3620.