According to ESG Today, Nevada-based Ohmium designs and manufactures modular and scalable electrolyzer systems for the production of green hydrogen. The company's technologies use 100% renewable energy, making them sustainable and a great way to produce green hydrogen. Hydrogen is produced by splitting water atoms into hydrogen and oxygen, a process known as electrolysis, which conducts electricity through the water.
Ohmium also rose 250 million USD last year to expand international presence, as well as to scale manufacturing capacity for new electrolyzer systems.
Arne Ballantine, Ohmium CEO said that "we look forward to collaborating with them (3M) on continued innovation in catalysts and other electrolyzer materials. Their investment in Ohmium is another testament to the strength of our technology and our track record in deployment."
3M officials said that the investment represents a strategic opportunity to invest in clean technologies for the future that allow the decarbonization of various industries. The company expects to invest 1 billion USD to achieve its climate goals set for the next 20 years, such as carbon neutrality by 2050 and a reduction in used water by 25% by 2030.
Any thoughts?