{"id":7028,"date":"2022-04-27T09:36:51","date_gmt":"2022-04-27T17:36:51","guid":{"rendered":"https:\/\/solarpowerinvestor.com\/?p=7028"},"modified":"2022-04-27T09:37:00","modified_gmt":"2022-04-27T17:37:00","slug":"ohmium-international-announces-series-b-round-plans-to-quadruple-hydrogen-manufacturing-capacity","status":"publish","type":"post","link":"https:\/\/solarpowerinvestor.com\/ohmium-international-announces-series-b-round-plans-to-quadruple-hydrogen-manufacturing-capacity\/","title":{"rendered":"Ohmium International Announces Series B Round &#8211; Plans to Quadruple Hydrogen Manufacturing Capacity"},"content":{"rendered":"\n<p><a href=\"https:\/\/ohmium.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ohmium International <\/a>announced the closing of a $45M Series B Financing, led by <a href=\"http:\/\/feniceinvest.lu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fenice Investment Group <\/a>with participation by current major investors and new investor <a href=\"https:\/\/energytransitionventures.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Energy Transition Ventures<\/a>. The funds will support Ohmium\u2019s expansion to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022.<\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/0L7knIJuEc-f_tPb8XLR0lDPPFAEMMhgohJp98fPrCuPjIFfRAJNvTD9dqKGKdDvB6OYB5KUb0sf8_35HaqJvjZK09tAXADyX9ntjEXLiu1RPvqPpuEZX80128FlQCu9n9oMgASV\" width=\"400\" height=\"283\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-leader-in-green-hydrogen-technology\">A Leader in Green Hydrogen Technology<\/h2>\n\n\n\n<p>Ohmium is headquartered in the United States with manufacturing in India and operations globally. The Company enables industries to deploy green hydrogen for a sustainable future. Ohmium\u2019s suite of electrochemical products enables customers to achieve maximum value in industrial, transportation, and energy projects.&nbsp;<\/p>\n\n\n\n<p>Hydrogen is an essential element in traditional pollutive products including: steelmaking, fertilizer production, refineries and other heavy and light industries. The majority of hydrogen is made from fossil fuels today, making it a heavy carbon polluter.&nbsp;<\/p>\n\n\n\n<p>Cost-effective green hydrogen is critical for the world to meet its Net-Zero emission targets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">An Innovative Method to Hydrogen Production<\/h2>\n\n\n\n<p>Ohmium manufactures standardized interlocking modular Proton Exchange Membrane (PEM) electrolyzers able to produce pressurized high-purity hydrogen. Individual electrolyzers can be stacked to significantly reduce installation and maintenance costs while enabling unlimited configurations of deployment sizes.&nbsp;<\/p>\n\n\n\n<p>Ohmiums proprietary electrolyzer stack technology can sustain a differential pressure across the membrane without compromise, which enhances cost-effective operations.<\/p>\n\n\n\n<p><em>The world is rapidly transitioning away from fossil fuels and towards clean energy, and recent events have only accelerated that move. We can no longer tie our economies to unreliable fossil fuels. Green hydrogen will play a critical role in our clean energy future. This funding allows us to expand our manufacturing capacity toward the approximately two GW per year target by the end of this year. Our sales have been growing very rapidly, and increasing the manufacturing capacity is critical to meeting the current and the near-term future demand in the rapidly expanding market.<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u2014<a href=\"https:\/\/ohmium.com\/about\" target=\"_blank\" rel=\"noreferrer noopener\">Arne Ballantine, CEO of Ohmium International<\/a><\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-similar-hydrogen-startups\">Similar Hydrogen Startups<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.greenindependence.eu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Green Independence<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/B8fj3ZNgnQmNT9m0t7RZ3zOO78hO1n3VhBTgZzGUFVZ1BlJnMzLuGCd5IdcloJyrL5CnVId38-mzYcKGOzwA40XTMKx0p3UCX2Gxa-NnnXZLpmGr3YMFntQmZ29Jgfz2ij5SGEJV\" alt=\"\"\/><\/figure>\n\n\n\n<p>Hydrogen generation via artificial photosynthesis<\/p>\n\n\n\n<p>Green Independence develops an artificial leaf technology for hydrogen production. This proprietary device uses solar energy to split water into hydrogen. It also converts CO2 into a renewable resource. The startup\u2019s solution transforms carbon-based energy systems into zero-emission hydrogen units.<\/p>\n\n\n\n<p><a href=\"https:\/\/evoloh.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">EvolOH<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/m50pqVg7pZa7XghY-GuNoC8O5uDKWQfqGeAR6Cz61AkOtXBF4aOc25-tblmdHC8gOGwIEtukzBk-lTC-DTMAsArrLk_MtO_U_go4WCDWAu_ln3fxKh8hzh953Iq0nj7-7jw5dDOe\" alt=\"\"\/><\/figure>\n\n\n\n<p>Green Hydrogen Energy Storage<\/p>\n\n\n\n<p>EvolOH builds low-cost electrolyzer hardware. Via its proprietary anion exchange it uses renewable energy to produce zero-emission green hydrogen fuel. The startup\u2019s solutions find applications in long-term energy storage, ammonia and steel production, and fuel cell vehicles.<\/p>\n\n\n\n<p><a href=\"https:\/\/hydi.com.au\/\" target=\"_blank\" rel=\"noreferrer noopener\">HYDI<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/uPxYapqpu8tMsTbleMdRMLTzjgjTidvL9WUrRVqGSaRIm7SxNF3MohV7jQGhZj6h0XmFl_3WNbBaVcUjLhYkQY8blIZhyhplf5HK1ZXOnxXlLYvZLkKroC754we2vG0roULWbgmU\" alt=\"\"\/><\/figure>\n\n\n\n<p>Hydrogen Infrastructure<\/p>\n\n\n\n<p>Australian startup, HYDI, offers a hydrogen-on-demand system. Its unit uses distilled water and low voltage electricity from vehicles to produce hydrogen. It then injects the hydrogen gas into a vehicles diesel engine intake, lowering fuel consumption and greenhouse gas emissions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.h2site.eu\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">H2SITE<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/vIg_q039nX9aqKreVHmDMa26qeNELlj6GYu5hjo63nDleC3wk2WsBt_S5pMso-bVJ3yiJutHF8ffMnPQOSYiuMtnuNMoeKgUUuQzf12xmrX5apeWKvSG0M8XXeIkv-ArzOH6QQb-hYNxofn9QQ\" alt=\"\"\/><\/figure>\n\n\n\n<p>Hydrogen Production &amp; Green Mobility<\/p>\n\n\n\n<p>H2SITE manufactures systems for onsite hydrogen recovery and generation. Its proprietary small modular reactors use a membrane-based technology that enables cost-effective hydrogen production. Its solution provides decentralized hydrogen production for the manufacturing and mobility sectors.<\/p>\n\n\n\n<p><a href=\"https:\/\/enervenue.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">EnerVenue<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/-H9H7KIcKEpGIpABk8SRRCcwA3jqIOnFsSZ2tPkSM6cMQfet1RCIL4VqgElLFTLm7sn5KpOjFPx5Ovx1bxJnSti2kDp2CxDEOP-7BaW9pDKa8-tynhY-AioV1DOG0HhDxea2LACW\" alt=\"\"\/><\/figure>\n\n\n\n<p>Hydrogen Storage, Renewables Integration<\/p>\n\n\n\n<p>EnerVenue provides energy storage solutions via its nickel-hydrogen battery. The lack of moving parts eliminates the need for any operations and maintenance creating a scalable solution for customers in: renewables integration, grid-scale storage, and electric vehicle charging stations.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ohmium International announced the closing of a $45M Series B Financing, led by Fenice Investment Group with participation by current major investors and new investor Energy Transition Ventures. The funds will support Ohmium\u2019s expansion to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. A Leader [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[45,7,2,322],"tags":[16,49,46],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.5 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ohmium International Announces Series B Round - Plans to Quadruple Hydrogen Manufacturing Capacity - Solar Power Investor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solarpowerinvestor.com\/ohmium-international-announces-series-b-round-plans-to-quadruple-hydrogen-manufacturing-capacity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ohmium International Announces Series B Round - Plans to Quadruple Hydrogen Manufacturing Capacity\" \/>\n<meta property=\"og:description\" content=\"Ohmium International announced the closing of a $45M Series B Financing, led by Fenice Investment Group with participation by current major investors and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/solarpowerinvestor.com\/ohmium-international-announces-series-b-round-plans-to-quadruple-hydrogen-manufacturing-capacity\/\" \/>\n<meta property=\"og:site_name\" content=\"Solar Power Investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarPowerInvestor\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T17:36:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-27T17:37:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/solarpowerinvestor.com\/wp-content\/uploads\/2022\/04\/Untitled-design-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2240\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim D\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solarpowerinve1\" \/>\n<meta name=\"twitter:site\" content=\"@solarpowerinve1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim D\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/solarpowerinvestor.com\/ohmium-international-announces-series-b-round-plans-to-quadruple-hydrogen-manufacturing-capacity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/solarpowerinvestor.com\/ohmium-international-announces-series-b-round-plans-to-quadruple-hydrogen-manufacturing-capacity\/\"},\"author\":{\"name\":\"Tim D\",\"@id\":\"https:\/\/solarpowerinvestor.com\/#\/schema\/person\/4c7e8a52044e1424978d594d771cbf9e\"},\"headline\":\"Ohmium International Announces Series B Round &#8211; 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The funds will support Ohmium\u2019s expansion to quadruple hydrogen manufacturing capacity from 500 MW annually to approximately two GW annually by the end of 2022. A Leader&hellip;","_links":{"self":[{"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/posts\/7028"}],"collection":[{"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/comments?post=7028"}],"version-history":[{"count":0,"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/posts\/7028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/media\/7030"}],"wp:attachment":[{"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/media?parent=7028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/categories?post=7028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solarpowerinvestor.com\/wp-json\/wp\/v2\/tags?post=7028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}