The distinguished roster of industry investors attests to Ionomr’s materials
as breakthrough technology for the green hydrogen economy
Vancouver, CA and Rochester, USA / December 5, 2023 - Ionomr Innovations Inc., developer and
manufacturer of breakthrough, foundational polymer and membrane technologies for next-
generation hydrogen applications, has closed a US$20 million Series A-4 funding round with
returning lead investors NGIF Cleantech Ventures and Pallasite Ventures supported by Shell
Ventures, Chevron Technology Ventures and Finindus, and joined by N.V. Bekaert, Asahi Kasei,
Samsung Ventures and SAIC Capital.
“We are delighted to receive the financial support of industry players that represent the full
spectrum of the hydrogen ecosystem,” said Bill Haberlin, CEO of Ionomr Innovations. “The
participation of leaders across our industry underscores that Ionomr is delivering proven
competitive advantages to our customers and their system users. It reinforces that Ionomr’s
Aemion® is a viable solution for improving the economics in the hydrogen economy and that
Ionomr’s Pemion® enables higher-temperature operation, essential for fuel cells in next-
generation heavy-duty transportation to succeed, while eliminating toxic “forever chemicals”.
Green hydrogen production, hydrogen fuel cells and efficient carbon utilization are critical to
reducing emissions in hard-to-decarbonize heavy industries such as steel making, chemical
production, long-term seasonal energy storage, heavy-duty transport, aviation and shipping.
The funding will allow Ionomr to further scale its ion exchange membranes and polymers,
Aemion® and Pemion®, that are fundamental to accelerating the hydrogen economy -- from
production of H2 gas and chemicals through electrolysis to efficient use of hydrogen in fuel cells.
Ionomr’s superior materials can make more efficient, cost-competitive solutions possible,
including eliminating expensive precious metal requirements from hydrogen production, CO2
electrolysis and supporting higher-temperature fuel cell solutions.
About Ionomr Innovations
Ionomr Innovations is revolutionizing electrochemistry with newly developed ion-exchange
membranes and polymers for clean energy. Ionomr’s Pemion® and Aemion® technologies
provide cost, performance and sustainability advantages for fuel cells, hydrogen production and
carbon capture, use and conversion. Leveraging technology developed at Simon Fraser
University, Ionomr was founded in 2018 and employs 51 professionals in Vancouver, Canada and
Rochester, USA. For more information about how Ionomr is helping to advance the clean energy
economy, visit www.ionomr.com
Media Contact: Nancy McHarg | nancy@mchargcommunications.com | (604) 760.4366
Business Contact: Andrew Belletti | belletti@ionomr.com | (604) 628.6098