# Ohmium International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ohmium-international

- Industry: Renewable Energy
- Headquarters: Newark, US
- Website: www.ohmium.com
- Total disclosed funding: $295M
- Latest round: Series C (Apr 26, 2023)
- Investors on record: 4

## About

Ohmium International, Inc. is a US-based company specializing in the design and manufacturing of Proton Exchange Membrane (PEM) electrolyzers, facilitating the production of green hydrogen from renewable energy sources and water.Founded in 2019 and headquartered in Newark, US, Ohmium International, Inc. focuses on producing advanced PEM electrolyzers for various sectors. It has closed 4 deals to date, with the latest funding round, Series C, completed on 16 July 2024, raising USD 250.00 mn from investors including TPG and others. The company is led by CEO Arne Ballantine.Ohmium specializes in the design and manufacturing of advanced Proton Exchange Membrane (PEM) electrolyzers, which are pivotal in generating green hydrogen from renewable energy sources and water. Their core product line is aimed at various sectors including industry, power generation, and transportation, facilitating a shift towards sustainable energy solutions. These electrolyzers are designed for scalability and versatility, allowing them to be stacked and configured to meet both current and future hydrogen demands of businesses. Ohmium's client base encompasses a wide range of industries that are seeking to improve operational efficiency and sustainability, aiming to support global decarbonization efforts. The company’s products are marketed primarily in regions with significant renewable energy initiatives, including North America, Europe, and parts of Asia, where there is a growing demand for clean energy technologies.Ohmium generates revenue through direct sales of its PEM electrolyzers and associated power electronics to businesses and industries focused on adopting green hydrogen solutions. The company's transaction model typically involves B2B engagements, where they establish partnerships with clients to implement these technologies within their operations. Revenue is accrued not only from the sale of individual electrolyzer units but also through ongoing service agreements that may cover installation, maintenance, and operational support. Specific pricing structures are aligned with the complexity and scale of the projects undertaken, ensuring that they cater to the diverse needs of their clientele while facilitating sustainable energy transitions. The flagship products drive the company's revenue, underscoring its commitment to delivering innovative and reliable green hydrogen solutions in a rapidly evolving energy landscape.Ohmium International, Inc. is focused on expanding its product offerings and entering new markets. Upcoming products include advanced electrolyzers designed for enhanced efficiency, with expected launches in late 2025. The company aims to penetrate emerging markets in South America and Africa by mid-2026, targeting regions with growing renewable energy initiatives. The recent funding of USD 250.00 mn raised in July 2024 will support these strategic expansions, particularly in product development and market entry initiatives.

## Funding rounds

- Series C, Apr 26, 2023, $250M — TPG, Hanover Technology Investment Management, Energy Transition Ventures, Fenice Investment Group
- Series B, Apr 14, 2022, $45M — Energy Transition Ventures, Fenice Investment Group

## Investors

- Energy Transition Ventures (https://capitalatlas.ai/funds/energy-transition-ventures) — Series B, Series C
- Fenice Investment Group (https://capitalatlas.ai/funds/fenice-investment-group) — Series B, Series C
- TPG (https://capitalatlas.ai/funds/tpg) — Series C
- Hanover Technology Investment Management (https://capitalatlas.ai/funds/hanover-technology-investment-management) — Series C