ION Clean Energy Finalizes New Board of Directors

BOULDER, Colo.--(BUSINESS WIRE)--Today, ION Clean Energy announced that Matt Vining will be joining ION’s Board of Directors as an independent director. Mr. Vining is currently the Chief Executive Officer of Navigator Energy Services, an energy infrastructure company backed by BlackRock’s Diversified Infrastructure business and brings over 20 years of experience investing in and managing businesses spanning the energy value chain. Mr. Vining has also served on various boards and served in advisory capacities, including Bluestem Biosciences, Inc. and other BlackRock-sponsored portfolio companies. Mr. Vining was recognized by Oil and Gas Investor Magazine as a Top 40 under 40 executive in the Oil and Gas Industry for 2017 and 2023.

“We’re thrilled that Matt will be joining our Board of Directors,” said Tim Vail, ION’s Chief Executive Officer. “His experience, relationships and perspective will be tremendously beneficial to ION’s growth ambitions. And on top of his business acumen and expertise, he’s a great person and a fantastic chemistry fit. I look forward to working with him.”

Mr. Vining’s appointment comes on the heels of ION’s recent $45 million Series A financing led by Chevron New Energies and Carbon Direct Capital. As part of that funding round, Andrew Stead, Principal M&A Consultant in Chevron ‘s Corporate Business Development group, was also appointed to ION’s Board of Directors. Josh Dienstag of Carbon Direct Capital, Juan Gou of Chevron, and Hanju Jeong of SK, Inc. Materials also joined as Board Observers.

Mr. Vining and Mr. Stead join ION’s Founder & Executive Chairman Buz Brown, Manjae Han, Vice President of Business Development for SK, Inc. Materials, and Mr. Vail to complete ION’s Board of Directors.

About ION Clean Energy, Inc.

ION was founded in 2008 in Boulder, Colorado and is a worldwide leader in carbon dioxide capture technologies that reduce overall costs and make CO₂ capture a more viable option for greenhouse gas mitigation. The company is commercializing proprietary liquid absorbent process technology that demonstrates transformational performance and is more effective and cost efficient than current commercial solutions to capture CO₂ emissions from post-combustion utility and industrial point sources. Most significantly, ION’s technology can capture more than 95% of CO₂ emissions with extremely low emissions, unprecedented solvent stability, and low energy requirements. www.ioncleanenergy.com.