According to filings with the U.S. Securities and Exchange Commission, ION Clean Energy is raising up to $85,000,350.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Timothy Vail played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About ION Clean Energy
Based in Boulder, CO, ION Clean Energy has received approximately $85 million in highly competitive U.S. Department of Energy (DOE) awards to support bench-scale and large-pilot testing, including the construction of a new pilot at Calpine Corporations Los Medanos Energy Center in Pittsburg, California. Most recently, ION has been the technology of choice for DOE-funded commercial Front-End Engineering Design (FEED) studies for CO2 capture systems at Tampa Electric Companys Polk Power Station and Calpines Delta Energy Center. ION has also been competitively selected for commercial projects around the world that will drive its growth. ION tested and proved its performance at the National Carbon Capture Center in Alabama and the CO2 Technology Centre Mongstad in Norway, the worlds largest and most advanced CO2 capture test facility. IONs pilot-scale demonstration plant with its key commercial partner, Calpine, will be operational in 2023, and the company will continue to pursue DOE funding and commercial opportunities.

To learn more about ION Clean Energy, visit http://www.ioncleanenergy.com/

Contact:
Timothy Vail, Chief Executive Officer
303-997-7097
https://www.linkedin.com/in/timothy-vail-91373814/

SOURCE: http://www.intelligence360.io
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