American conglomerate 3M has made an undisclosed investment in Californian PEM electrolyser manufacturer Ohmium International to support material development.
Coming as part of 3M’s plans to support low-carbon technologies, Senior Vice-President, 3M New Growth Ventures, Mark Copman, said the firm saw “significant” collaboration areas including advanced materials with Ohmium.
Ohmium CEO, Arne Ballantine, said the company looked forward to working with the multinational on “continued innovation in catalyst and other electrolyser materials.”
The Newark-headquartered electrolyser original equipment manufacturer (OEM) says its PEM systems use proprietary power electronics, a modular design and a standardised manufacturing approach to deliver lower costs and higher efficiencies of green hydrogen production.
Ballantine said 3M’s investment was “another testament” to the firm’s technology and deployment track record after the company raised $250m in 2023 in a Series C round led by TPG Rise Climate.
Speaking to H2 View last year, the CEO said R&D would remain a key focus of the firm to perform in an “even better fashion” against key parameters.
In May, Ohmium secured a deal to supply a 10MW electrolyser system for green hydrogen production at a Croatian refinery operated by MOL Group subsidiary INA.
Read more: Croatian refinery to adopt green hydrogen with 10MW electrolyser installation
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