Advanced Ionics Expands Leadership Team with Energy, Green Hydrogen Experts

Rhea-AI Summary

Advanced Ionics (Ticker: AION) appoints John Jung as President and COO and Ignacio Bincaz as CCO to drive global growth, expand manufacturing capabilities, and launch pilot programs. The company's successful Series A round earlier this year has set the stage for rapid expansion and deployment of its green hydrogen electrolyzer technology.

MILWAUKEE--(BUSINESS WIRE)-- Advanced Ionics, the low-cost green hydrogen electrolyzer developer focused on accelerating decarbonization, announced today it has added John Jung as President and Chief Operating Officer and Ignacio Bincaz as Chief Commercial Officer to its leadership team. The new executives will support the global growth of the company, expand manufacturing capabilities, and launch next-generation pilot programs. These appointments follow the company’s successful Series A round earlier this year.

Mr. Jung will manage and handle Advanced Ionics’ business operations and oversee growth in the U.S. and globally. Previously, Mr. Jung was the President of Energy Vault Solutions (NYSE: NRGV) and led Greensmith Energy as Founder, President and CEO, from concept to a global industry leader in turnkey energy storage solutions before its acquisition to Wärtsilä.

In his new role, Mr. Bincaz will be responsible for leading the company’s commercial strategy and developing initiatives that drive revenue growth. Mr. Bincaz will be instrumental in working with leaders in ammonia, petrochemical, nuclear and steel, where his expertise will help connect Advanced Ionics’ value with existing customer processes. Prior to his role at Advanced Ionics, Mr. Bincaz served as the Head of North America for H2Pro and a Senior Vice President at Worley, Inc.

“John and Ignacio join us as the right leaders at precisely the right time. Their combined operational and commercial capabilities set us up to expand rapidly and deploy what we believe will be the strongest solution in the market,” said Chad Mason, CEO of Advanced Ionics. “We will continue to build on the momentum from this year – including our Series A and technical progress – to make the promise of green hydrogen a cost-effective reality for our industrial customers.”

Advanced Ionics has developed a water vapor electrolyzer that reduces the capital expense and electricity requirements for green hydrogen production by harnessing available industrial heat sources without the need for critical minerals.

For more information, visit https://advanced-ionics.com/.

About Advanced Ionics:

At Advanced Ionics, we’ve created a green hydrogen platform that allows industrial hydrogen producers and users to achieve sustainability, without sacrificing profit. We combine our Symbiotic™ Electrolyzer technology with our customers’ onsite process heat to produce green hydrogen for less than a dollar per kilogram. We’re proudly headquartered in Milwaukee, WI.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231219058817/en/

Tori McDonnell

tori@teamsilverline.com

Source: Advanced Ionics

FAQ

Who are the new executives appointed at Advanced Ionics?

John Jung as President and Chief Operating Officer and Ignacio Bincaz as Chief Commercial Officer.

What is the company's ticker symbol?

The ticker symbol for Advanced Ionics is AION.

What type of electrolyzer technology has Advanced Ionics developed?

Advanced Ionics has developed a water vapor electrolyzer that reduces the capital expense and electricity requirements for green hydrogen production.

What is the company's focus in terms of decarbonization?

The company is focused on accelerating decarbonization through its low-cost green hydrogen electrolyzer technology.

What is the website for more information about Advanced Ionics?

For more information, visit https://advanced-ionics.com/