ION Clean Energy develops and commercializes a third-generation ICE-31 liquid amine solvent and process for post-combustion point-source CO2 capture. The company says its solvent achieves very high capture efficiency (more than 95%), low energy use, exceptional resistance to degradation, and virtually undetectable emissions. ION has received validation from the U.S. Department of Energy, works with EPC partners and project customers, and reports a strong book of business. The newly raised capital will fund organizational growth and accelerate commercial deployment of its ICE-31 technology for hard-to-abate emissions. The company emphasizes commercial-scale impact and broader CCUS deployment as near-term objectives.

Total raised

$45M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2024