Ohmium Wins MNRE's SIGHT Incentive Support in Tranche II
Key Ideas
  • Ohmium secures support for up to 137 MW of capacity in Tranche II of the SIGHT Incentive program for its PEM electrolysers.
  • The award aims to incentivize domestic electrolyser manufacturing in alignment with India's green hydrogen goals.
  • Ohmium's CEO, Arne Ballantine, highlights the company's commitment to decarbonization in India and globally through innovative electrolyser solutions.
  • The awarded funds will boost Ohmium's Gigafactory in Bengaluru and future local manufacturing facilities, catering to various industries across continents.
Ohmium International has once again been recognized by the Ministry of New and Renewable Energy (MNRE) in India, winning support for 137 MW of capacity in Tranche II of the SIGHT Incentive program. As a green hydrogen company specializing in PEM electrolysers, Ohmium's success showcases its dedication to excellence and decarbonization. The award, part of a program to boost domestic electrolyser manufacturing, aligns with India's ambitious green hydrogen targets. Ohmium's CEO, Arne Ballantine, emphasized the significance of this award in advancing India's position as a global energy hub and facilitating decarbonization solutions for local refineries and ammonia plants. The company's hyper-modular PEM electrolysers, with minimal land use and installation costs, offer a compelling solution for various industries. With an extensive project pipeline spanning four continents, Ohmium is poised to play a crucial role in energy, transportation, steel production, and heavy industry sectors. The awarded funds will accelerate the expansion of Ohmium's facilities in Bengaluru and support its future manufacturing endeavors, reinforcing its commitment to sustainable practices.
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