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

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..