Ohmium International announced that its India-based subsidiary has been selected as the PEM electrolyser partner of NTPC Renewable Energy Limited (REL).The agreement is valid for a period of two years till May 2025. Ohmium’s patented electrolysers are expected to be deployed in up to 400 MW of projects across a diverse range of industrial and commercial applications, including ammonia, transportation, and power, among others.
Ohmium’s technology is expected to help NTPC deploy 5 GW of renewable energy for green hydrogen and green ammonia production. The company’s interlocking modular electrolysers provide a dense and dynamic solution that integrates with renewable energy resources and produces green hydrogen at a very competitive cost.
In April 2023, Ohmium International announced the closing of a $250 million Series C growth equity financing. The round was led by TPG Rise Climate, a dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise. It also included participation from Hanover Technology Investment Management and existing investors Energy Transition Ventures and Fenice Investment Group.
In September 2022, Ohmium International and Amp Energy India announced a collaboration for mid-sized commercial and industrial (C&I) projects of 25 MW or smaller capacities. The projects, with a total capacity of 400 MW, are planned to be installed over the period of next three years. This collaboration with Ohmium will help Amp Energy to use Ohmium’s state-of-the-art manufacturing facility in India to extend its business offerings to customers.