Green Hydrogen company,Ohmium International, has closed a $45 million series B financing in a round led by the existing investor Fenice Investment Group along with the participation from current major investors and new investor Energy Transition Ventures.
The funds will support the company’s growth plan to quadruple hydrogen manufacturing capacity from 500 MW on an annual basis to around 2 GW annually by the end of 2022. The company has research and development facilities in the United States and India, and has manufacturing operations in India. As the company’s sales have been growing rapidly, an increase in the manufacturing capacity is critical to meet the current and near-term future demand in the rapidly expanding market.