Ohmium

Challenger

$297M total raised. Bengaluru factory actively shipping PEM electrolyzers at commercial volumes in 2026. Modular design for distributed hydrogen projects.

Green Hydrogen Electrolyzers
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Updated April 2026

Company Overview

About Ohmium

Ohmium is a green hydrogen electrolyzer manufacturer with an operational factory in Bengaluru, India that is actively shipping PEM (proton exchange membrane) electrolyzers at commercial volumes in 2026 — one of the few electrolyzer companies delivering actual product rather than promising future delivery. The company has raised $297 million in total funding and is scaling projects across India and international markets from its manufacturing base.

Business Model & Competitive Advantage

Ohmium's modular PEM stack design is purpose-built for distributed hydrogen projects: smaller installations at industrial sites, refineries, and fueling stations that need hydrogen at the point of use rather than centralized production and transportation. The modular approach allows customers to start with smaller installations and add electrolyzer capacity as demand grows, reducing upfront capital commitment.

Competitive Landscape 2025–2026

Unlike many US-focused electrolyzer competitors struggling with Inflation Reduction Act rollbacks and domestic content requirement uncertainty, Ohmium's India manufacturing base insulates it from US policy headwinds while qualifying for hydrogen production incentives in multiple jurisdictions. India's green hydrogen mission — targeting 5 million metric tonnes of green hydrogen production by 2030 — provides a massive domestic demand signal, while Ohmium's export strategy serves European and Middle Eastern markets facing their own green hydrogen mandates.

Revenue
$297M
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Key Differentiators

Strong Challenger

Ohmium is an established challenger with significant market presence and competitive offerings in Climate Tech.

Growth Stage

Ohmium has achieved $297M in revenue, demonstrating strong product-market fit.

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