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Bp Plc

Climate love

Backs green hydrogen start up aiming to chop fuel prices

BP (BP.L) has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen. BP Ventures, the British energy giant's venture capital arm, was among several investors in a $12.5 million Series A financing in U.S.-based Advanced Ionics, the companies said on Tuesday. Other investors include Mitsubishi Heavy Industries (7011.T), Clean Energy Ventures and Gatemore Capital Management.

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  • mercy nduta

    44 w

    Bp invests the most in fossil fuels.

    • Elizabeth Gathigia

      44 w

      It's a great move but BP needs put more efforts and shift away from fossil fuel

      • Jordan Edmondson

        44 w

        I think it's great that this investment has been made, but we can't let it distract from the fact that BP still invest a vast majority of their money into not just fossil fuels but climate denial.

        • Sarah Chabane

          44 w

          BP doesn't deserve climate love as long as they are fueling the climate crisis at 99% of their investment

          • Munene Mugambi

            44 w

            I doubt BP are committed to environmental conservation

            • johnte ndeto

              44 w

              BP is doing a great job on matters climate

              • Ingmar Rentzhog

                44 w

                @johnte_ndeto Not really. BP invests more than 99% in fossil Fuels that is causing the Climate crisis. They need to do so much more in this direction. But fine. This action is better than nothing.

              • Gorffly mokua

                44 w

                This a great invention. This will rapidly help in the reduction of carbon foot print.

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