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3M Invests in Ohmium International to Boost Green Hydrogen Production
Slice of Energy Team
July 19, 2024
Key Highlights:
3M completes strategic investment in Ohmium International for green hydrogen technology.
Investment supports 3M's low-carbon transition and decarbonization efforts.
Collaboration aims to enhance efficiency and scalability of green hydrogen production.
Ohmium's PEM electrolyzers are crucial for decarbonizing industrial sectors.
Ohmium raised $250 million in Series C funding led by TPG Rise Climate.
Source (PR Newswire)
Notable Quotes:
"Our investment in Ohmium demonstrates 3M's dedication to fostering innovative technologies that can lead to a more sustainable future."
"We're very pleased to partner with an industry leader like 3M and look forward to collaborating with them on continued innovation in catalysts and other electrolyzer materials."
Our Take:
The strategic investment by 3M into Ohmium International underscores the critical role of green hydrogen in the future of sustainable energy. By leveraging its expertise in material science, 3M is well-positioned to contribute significantly to the efficiency and scalability of green hydrogen production. This move not only aligns with global decarbonization efforts but also propels 3M into the forefront of climate technology innovation. The collaboration with Ohmium, a leader in PEM electrolyzers, highlights the synergy between advanced materials and renewable energy solutions, promising substantial advancements in the green hydrogen sector. This partnership exemplifies how established corporations can drive impactful change by investing in pioneering climate technologies.