Ohmium Wins MNRE SIGHT Incentive Award, Boosti

National, 29th August, 2024– Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, has been selected a second time as a SIGHT Incentive Program award winner by the Ministry of New and Renewable Energy (MNRE).

Ohmium was awarded support for up to 137 MW of capacity for Tranche II of the SIGHT Incentive program, based on its’ electrolyzer performance and its’ contribution to the local economy. Ohmium was the only PEM electrolyzer manufacturer to receive this award.

“Our selection for this award demonstrates both the Ohmium team’s commitment to excellence as well as to decarbonization in India and across the globe,” said Arne Ballantine, Ohmium CEO.

This award is a continuation of Ohmium’s success in Tranche I of the SIGHT program. The tenders, implemented by the Solar Energy Corporation of India (SECI), are intended incentivize 1.5 GW of domestic electrolyzer manufacturing capacity in support of India’s sustainability goals.

“India has ambitious green hydrogen goals, and this program supports India’s evolution as a global Energy hub. These funds will accelerate the expansion of Ohmium’s Gigafactory in Bangalore as well as support future local manufacturing facilities” noted Ballantine.

“India’s refineries and ammonia plants are looking for decarbonization solutions. The combination of the SIGHT incentives and our hyper-modular PEM electrolyzer solutions – installed outdoors and vertically stackable for minimal land use and low cost – enable us to provide a compelling solution” Ballantine concluded.

Ohmium is the PEM electrolyzer leader in India, with partnerships with industry leaders such as NTPC and Tata Projects. The company has an active green hydrogen project pipeline of over 2 GW across four continents, serving a diverse range of customers across energy, transportation, steel production, and heavy industry.