3M Company announced on Tuesday a strategic investment in Ohmium International, a leading US-based electrolyser supplier specializing in green hydrogen production. The investment underscores 3M's commitment to advancing technologies essential for the shift towards a low-carbon economy.
The partnership seeks to explore synergies particularly in advanced materials, aimed at enhancing the efficiency and scalability of hydrogen production processes.
Mark Copman, senior vice president of 3M New Growth Ventures, highlighted the strategic alignment, stating, “We see significant potential for collaboration in areas such as advanced materials, which can further enhance the efficiency and scalability of green hydrogen production.”
Ohmium International, with its global footprint including manufacturing operations in India, focuses on developing modular and scalable Proton Exchange Membrane (PEM) electrolysers. The company has secured a robust pipeline of green hydrogen projects exceeding 2 GW worldwide.
The investment by 3M follows Ohmium's successful Series C financing round in April 2023, where it raised USD 250 million (EUR 228.5m), led by TPG Rise Climate.
