Ohmium International to Invest Rs 400 Crore in Tamil Nadu for Green Hydrogen Facility
Key Ideas
- Ohmium International, a US-based company, will invest Rs 400 crore in Tamil Nadu to establish a green hydrogen manufacturing facility, generating 500 job opportunities.
- The investment is part of Tamil Nadu's strategy to attract foreign investments and advance sustainable energy initiatives.
- The Chief Minister of Tamil Nadu, M K Stalin, highlighted the significance of this investment in promoting green energy production and ensuring a sustainable future.
- Ohmium International specializes in designing modular Proton Exchange Membrane (PEM) electrolyzers for cost-competitive green hydrogen production to support sustainable energy projects.
Ohmium International, a US-based company, is set to invest Rs 400 crore in Tamil Nadu to establish a green hydrogen manufacturing facility, creating 500 job opportunities. This move is part of Tamil Nadu's efforts to attract foreign investments and promote sustainable energy within the state. The Chief Minister of Tamil Nadu, M K Stalin, announced the successful securing of the investment during his visit to the United States. The Memorandum of Understanding signed between Ohmium International and the state government marks a significant step towards nurturing the ecosystem for green energy production in Tamil Nadu. Ohmium International specializes in designing modular, scalable Proton Exchange Membrane (PEM) electrolyzers that facilitate cost-competitive green hydrogen production. Their electro-chemical products are aimed at helping customers achieve their sustainable energy goals in various industrial, transportation, and energy projects. This investment signifies a boost for the state's economy and its sustainable energy initiatives, aligning with the global trend towards green hydrogen production and utilization.
Topics
Investing
Investment
Job Creation
Manufacturing
Sustainable Energy
Economic Development
Foreign Investment
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