Ohmium to Invest ₹400 Crore in Tamil Nadu Green Hydrogen Plant

US-based renewable energy firm Ohmium is set to invest ₹400 crore in a new manufacturing facility in Chengalpattu, Tamil Nadu. The announcement came following the signing of a memorandum of understanding (MoU) in San Francisco on 01 September 2024, during Chief Minister MK Stalin's visit to the US to attract investments.

Ohmium specializes in green hydrogen production and scalable proton exchange membrane (PEM) electrolyser systems. With its global footprint across the US, Mexico, Europe, and Asia, the Chengalpattu plant will focus on producing electrolysers and green hydrogen, supporting India’s growing green energy ecosystem.

The investment highlights Tamil Nadu's commitment to sustainable energy. Additionally, during an investors’ conference on 29 August, the state secured MoUs worth ₹900 crore with six global companies, including Nokia and PayPal, promising employment for 4,100 people across Chennai, Coimbatore, and Madurai.

Chief Minister Stalin also met senior leaders from Apple, Google, and Microsoft, encouraging further investment in Tamil Nadu. Notably, Google has agreed to establish Artificial Intelligence (AI) research labs, generating 500 jobs in the state.

This series of investments signals Tamil Nadu’s growing position as a hub for innovation and green energy, setting the stage for a sustainable future.

News by Rahul Yelligetti