Ohmium's Plans for Renewable Energy Projects in India
Key Ideas
  • Ohmium, a US-based electrolyser manufacturing firm, is in talks for collaborations in India, aiming to install 5 GW capacity globally by 2030, with a significant portion in India.
  • The company is focused on developing renewable energy projects including refinery and ammonia plant projects in India, doubling its capacity to 4 GW by FY26 and enhancing R&D efforts.
  • Ohmium has raised $250 million in series C round, with plans for further fundraising to boost manufacturing, R&D, and sales capabilities, targeting markets like India and Asia Pacific for export.
  • The company's innovative designs aim to improve efficiency in hydrogen production, reduce Iridium consumption, and increase energy density, making electrolysers more cost-effective for various industries.
Ohmium, a US-based electrolyser manufacturing firm, is actively engaging in collaborations in India and planning to install 5 GW capacity globally by 2030, with a substantial portion intended for India. The company is set on developing renewable energy projects in India, including refinery and ammonia plant projects, with a goal to double its capacity to 4 GW by FY26 and enhance its research and development efforts. Ohmium has secured $250 million in series C funding, with potential future fundraising to expand manufacturing, R&D, and sales capabilities. The company eyes markets like India and the Asia Pacific region for exporting sustainable aviation fuel. Their focus on innovation includes improving efficiency in hydrogen production, reducing Iridium consumption, and increasing energy density to make electrolysers more cost-effective for various industries.
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