Ohmium, a leading green hydrogen company, announced on Thursday that it has secured funding to establish a 137-MW electrolyzer manufacturing facility under the SIGHT scheme. Electrolyzers are devices that use electricity to split water into hydrogen and oxygen through electrolysis.
Ohmium International has been selected for the second time as a recipient of the SIGHT Incentive Program by the Ministry of New and Renewable Energy (MNRE), the company said in a statement. “This recognition highlights our commitment to excellence and to advancing decarbonization efforts in India and globally,” said Arne Ballantine, CEO of Ohmium.
This award builds on it’s success in the first phase of the SIGHT program. The tenders, managed by the Solar Energy Corporation of India (SECI), aim to boost 1.5 GW of domestic electrolyzer production capacity to support India’s green energy objectives.
“India has set ambitious green hydrogen targets, and this funding will help establish India as a global energy hub,” Ballantine added. “The funds will accelerate the expansion of our Gigafactory in Bangalore and support future local manufacturing facilities.”
Ohmium is a leader in Proton Exchange Membrane (PEM) electrolyzers in India, collaborating with major players like NTPC and Tata Projects. The company has a robust green hydrogen project pipeline exceeding 2 GW, spanning four continents and serving industries such as energy, transportation, steel, and heavy manufacturing.
Headquartered in the United States, with manufacturing in India and operations worldwide, Ohmium’s global project pipeline surpasses 2 GW across three continents. In 2023, Ohmium raised $250 million in Series C funding, led by TPG Rise Climate.
