3M Makes Strategic Investment in Ohmium for Green Hydrogen Production Advancement
Key Ideas
  • 3M invests in Ohmium International, a developer of electrolyzer systems for green hydrogen production, as part of its commitment to advancing technologies for a low-carbon economy.
  • The investment aligns with 3M's strategy in climate tech, aiming to reduce the cost of green hydrogen production to $1 per kilogram and support the industry's decarbonization goals.
  • Ohmium's Proton Exchange Membrane electrolyzers, combined with renewables, are poised to drive efficient and cost-competitive green hydrogen production, critical for decarbonizing industrial sectors.
  • The global hydrogen generation market, including electrolyzers, is forecasted to grow significantly, offering 3M an opportunity to contribute expertise in material science to the clean energy sector.
3M, a US-based company, has strategically invested in Ohmium International, a developer of electrolyzer systems for green hydrogen production. This move reflects 3M's dedication to advancing technologies that support the transition to a low-carbon economy and potentially decarbonizing its own operations. Ohmium's focus on Proton Exchange Membrane (PEM) electrolyzers, optimized for green hydrogen production in collaboration with renewables, aligns with the industry's push towards fossil-free energy solutions for sectors like steel manufacturing and fertilizer production. The investment from 3M aims to foster innovation in catalysts and electrolyzer materials, enhancing efficiency in green hydrogen production. Furthermore, the global hydrogen generation market, especially electrolyzers, is on a rapid growth trajectory. The electrolyzers market alone is projected to increase from $0.5 billion in 2023 to over $57 billion by 2030, with the overall hydrogen generation market expected to surpass $260 billion by 2028. This expansion offers 3M a unique opportunity to leverage its expertise in material science to contribute to scaling hydrogen as a clean energy source, in line with the global shift towards sustainable energy solutions. 3M's investment in Ohmium is seen as a step towards catalyzing advancements in green hydrogen technology and supporting the broader industry goals in decarbonization and sustainable energy practices.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.