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Ohmium Announces Close Of $45 Million Series B Financing

Ohmium Announces Close Of $45 Million Series B Financing

04/14/22, 9:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgfremont
Money raised
$45 million
Round Type
series b
Ohmium International, Inc., a green hydrogen company that designs, manufactures, and deploys PEM Electrolyzers, announced the close of a $45 million Series B Financing today. Existing investor Fenice Investment Group led the round, with participation from current major investors and new investor Energy Transition Ventures. The funds will support Ohmium's rapid growth plan to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. Ohmium's unique interlocking modular PEM electrolyzers provide a safer, modular, flexible, easy to install and maintain alternative to customized electrolyzers

Company Info

Company
Ohmium
Location
fremont, california, united states
Additional Info
Ohmium International enables industries to deploy green hydrogen for a sustainable future. The company's suite of electrochemical products enables customers to achieve maximum value in industrial, transportation, and energy projects. Ohmium is headquartered in the United States, with manufacturing in India and operations worldwide. For more information, please visit www.ohmium.com.