Ohmium International receives $250 million from TPG Rise Climate

28 Apr 2023 CW Team

Ohmium International, a provider of green hydrogen, raised an additional $250 million in a Series C headed by TPG Rise Climate. Hanover Technology Investment Management, as well as current investors Energy Transition Ventures and Fenice Investment Group, took part in the latest round.

Proton exchange membrane (PEM) electrolyzer systems, required for the synthesis of hydrogen, are designed and manufactured by Ohmium. Hydrogen is produced by the device by electrolyzing water and splitting it. The electrolyzer at Ohmium uses renewable energy to make "green hydrogen" while emitting greenhouse gases.

In 2023, Ohmium is having a great deal of success. Ohmium's strategy and technological leadership are validated by this capital transaction, which also gives our company the kind of investment we need to carry out our ambitious objectives for global expansion.

Ohmium will use the cash to increase its manufacturing capacity and roll out initiatives in the United States, Europe, India, and the Middle East. Incentives for green hydrogen projects have been approved by both the United States and the European Union.

The Fenice Investment Group led the $45 million Series B financing for Ohmium in April 2022.

Also read:
Tamil Nadu to float tenders for smart meters
Government to Bid Out 50 GW of Solar, Wind, and RTC Projects in FY24

Resources

17 Jun 2025

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India鈥檚 first Rent Credit Score鈩� platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe鈥檚 payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Real Estate

17 Jun 2025

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group鈥檚 refreshed vision to 鈥楨levate Lifestyle鈥�. This brand transformation represents more than a visual refresh鈥攊t marks a strategic shift in the company鈥檚 mission, visual identity and market positioning. The update will be visible across all of Supreme鈥檚 digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Infrastructure Urban

17 Jun 2025

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India鈥檚 Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India 鈥� from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans鈥� long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat鈥檚 economy. Conceptualized by Rediffusion Brand Solutions, the..