TN govt inks pact with Ohmium for Rs 400 cr green hydrogen

US-based Ohmium International will invest Rs 400 crore in Tamil Nadu to set up a green hydrogen manufacturing facility, creating 500 jobs. The investment is part of Tamil Nadu’s efforts to attract foreign investment and promote sustainable energy.

Tamil Nadu has secured a Rs 400 crore investments from US-based Ohmium International, Inc., to set up a manufacturing facility in the state, Chief Minister M K Stalin said.

Stalin accompanied by Minister for Industries TRB Rajaa and senior government officials were present at the signing of Memorandum of Understanding between Ohmium and the state government for the upcoming project in neighbouring Chengalpattu district.

The chief minister is currently on a visit to the United States seeking investments to Tamil Nadu.

According to the website of Ohmium International, the company designs, manufactures modular, scalable Proton Exchange Membrane (PEM) electrolyzers that enable cost-competitive green hydrogen production.

The company’s suite of electro-chemical products help customers achieve their sustainable energy goals across various industrial transportation and energy projects.

Ohmium International has operations worldwide and has manufacturing facilities in India. In 2023, the company raised USD 250 million in Series C financing, led by TPG Rise Climate, the website said.