Ohmium Wins Second SIGHT Incentive Program Award for Green Hydrogen Innovation in India
Key Ideas
- Ohmium International secures a second award from the Ministry of New and Renewable Energy in India for its advanced PEM electrolyzers, supporting up to 137 MW of capacity.
- The SIGHT Incentive Program aims to incentivize domestic electrolyzer manufacturing to meet India's green hydrogen goals and promote sustainability.
- Ohmium's innovative hyper-modular PEM electrolyzer solutions are lauded for their minimal land use, low cost, and support in decarbonization efforts for industries like refineries and ammonia plants.
- With over 2 GW of green hydrogen projects globally and partnerships with key industry players, Ohmium continues to lead in the green hydrogen sector with plans for expansion in Bangalore and beyond.
Ohmium International, a green hydrogen company specializing in PEM electrolyzers, has been honored with a second award from India's Ministry of New and Renewable Energy as part of the SIGHT Incentive Program. This recognition, supporting up to 137 MW of capacity, highlights Ohmium's excellence and contribution to the local economy. Ohmium's CEO, Arne Ballantine, emphasized the company's dedication to decarbonization, aligning with India's ambitious green hydrogen targets. The company's success in Tranche I of the program led to this continued support, aiming to boost domestic electrolyzer manufacturing capacity. Ohmium's innovative PEM electrolyzer solutions, known for their modularity and cost-effectiveness, are seen as vital in the quest for decarbonization, particularly in industries like refineries and ammonia plants. With plans to expand their Gigafactory in Bangalore and establish more manufacturing facilities, Ohmium is set to play a significant role in India's evolution as a global energy hub. The company's partnerships with industry giants like NTPC and Tata Projects showcase its leadership in the green hydrogen space. Ohmium's global green hydrogen project pipeline exceeding 2 GW demonstrates its commitment to sustainable solutions across various sectors. The recent $250 million Series C financing led by TPG Rise Climate further solidifies Ohmium's position as a key player in the green energy transition.
Topics
Electrolyzer
Renewable Energy
Sustainability
Manufacturing
Decarbonization
Partnerships
Global Expansion
Energy Hub
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