Ohmium closes $45M Series B financing for green hydrogen

In California, Ohmium closed its $45 million Series B Financing. Existing investor Fenice Investment Group led the round, with participation from current major investors and new investor Energy Transition Ventures. The funds will support Ohmium’s rapid growth plan to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. Ohmium’s unique interlocking modular PEM electrolyzers provide a safer, modular, flexible, easy to install and maintain alternative to customized electrolyzers.

The company has research and development facilities in the United States and India–with manufacturing operations in India.  Ohmium manufactures standardized interlocking modular Proton Exchange Membrane electrolyzers able to produce pressurized high-purity hydrogen. Individual electrolyzers can be stacked to significantly reduce installation and maintenance costs while enabling unlimited configurations of deployment sizes. Ohmium’s proprietary electrolyzer stack technology can sustain a differential pressure across the membrane without compromise, which enhances cost-effective operations.

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