Private equity firm TPG is investing in Ohmium
Ohmium raises $250mn to fund capacity increase
US electrolyser manufacturer secures private equity investment as sector enters period of rapid growth
US electrolyser manufacturer Ohmium has raised $250mn in private equity financing, highlighting investors’ appetite for a sector that is undergoing rapid growth as the pipeline of green hydrogen projects swells. Ohmium, which specialises in modular proton-exchange-membrane (PEM) electrolyser systems, will use the funds to support the expansion of its production capacity to 2GW/yr and to accelerate its R&D programmes. “Ohmium is experiencing tremendous success in 2023. We are on track to deliver our PEM electrolyser systems to customers worldwide operating across multiple sectors,” says Arne Ballantine, CEO of Ohmium. “This capital raise is a validation of Ohmium’s strategy and technology
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