Page 134 - CW E-Magazine (30-7-2024)

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GREEN HYDROGEN

Ohmium opens PEM electrolyser gigafactory near

Bengaluru

The US-headquartered green hydro-
gen company that designs, manu-
factures, and deploys Proton Exchange
Membrane (PEM) electrolyser, Ohmium
International, has offi cially launched
its new gigafactory at Doddaballapur
on Bengaluru’s outskirts, set up at an
investment of about Rs. 2,000-crore.

Union Renewable Energy Minister
Pralhad Joshi and State’s industries
minister Mr. M. B. Patil fl agged off the
unit. Covering close to 14,000 square
meters of production space, the manu-
facturing facility is ramping up to ship
2 gigawatts (GW) of fully assembled direct hydrogen transportation in fuel-cell-
and tested electrolyser systems to meet based vehicles. Green hydrogen can also
the demands of Ohmium’s global pro- be stored and transported,” Mr. Patil said.
ject pipeline.
The opening of the new gigafac-
“The ribbon cutting at our new tory follows Ohmium’s 400-megawatt
gigafactory marks a major milestone (MW) deal with NTPC in 2023, its
for Ohmium and enables us to deliver partnership with Tata Projects in 2024,
green hydrogen solutions to our grow- and its selection for the Ministry of
ing pipeline of customers across India Renewable Energy’s fi rst round of Strate
and around the world,” said Mr. Arne gic Interventions for Green Hydrogen
Ballantine, Ohmium CEO. The new Transition (SIGHT) Incentives.
gigafactory is Ohmium’s second manu- capacity has increased from 21-GW
facturing facility in India, and its fi rst to more than 46-GW”, Mr. Joshi Ohmium said its research engage-
to bring together key manufacturing, posted on the microblogging site X. ments with CSIR-Central Electrochemi-
assembly, quality assurance, testing, cal Research Institute (CSIR-CECRI)
warehouse and shipping facilities under “With zero carbon footprint, green and IIT Madras Research Park (IIT-
one roof. hydrogen can be utilised for fertiliser MRP) is enabling the transfer of
production, refi nery processing, steel innovation into production to meet the
“Under Prime Minister Narendra production, conventional vehicle trans- growing demand for green hydrogen
Modi, the Centre was working towards portation with methanol blending, and projects in India and around the world.
achieving the green energy goals Aether Industries reports higher
of the nation. In the last 10 years,
renewable energy installed capacity total income in Q1
has increased more than 2.5 times
from 76-GW in 2014 to more than Surat-based speciality chemicals fi rm, quarter a year ago. Net profi t remained
195-GW till June 2024, solar power Aether Industries Ltd., has reported total unchanged at Rs. 30-crores. As compared
capacity witnessed a steep jump by income for the fi rst quarter ended on June to the immediately preceding quarter,
30 times from 3-GW in 2014 to more 30, 2024 (Q1FY25) at Rs. 192-crore as income recorded an increase of Rs. 63-crore,
than 85-GW now, while wind power compared to Rs. 164-crore in the same and net profi t increased by 22-36%.

134 Chemical Weekly July 30, 2024

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