Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Hydrogen Power

Ohmium raises $250 million for electrolyzers

by Craig Bettenhausen
May 7, 2023 | A version of this story appeared in Volume 101, Issue 15

 

The hydrogen electrolyzer maker Ohmium has raised $250 million in a series C funding round led by the climate investing arm of the private equity firm TPG. Ohmium’s systems use proton-exchange membranes to split water into hydrogen and oxygen. The firm says it will use the funds to expand its manufacturing capacity to 2 GW per year and to complete electrolyzer orders already on the books for customers in Europe, India, the Middle East, and the US. TPG cites a growing gap between demand for green H2 and the supply of electrolyzers as a key rationale for its investment.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.