Thursday, 27 April 2023 14:44

Ohmium closes $250-million Series C fundraise led by TPG Rise Climate

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U.S.-based green hydrogen electrolyzer maker Ohmium International has closed a $250 million Series C growth equity round led by TPG Rise Climate. The funding will support Ohmium's expansion of its annual manufacturing capacity to 2 GW, as well as deployment projects for its global customer pipeline. It will also provide funding to expand Ohmium's operations, including accelerating its pioneering research and development program to reduce the cost of green hydrogen production. Barclays and BofA Securities acted as placement agents and Skadden, Arps, Slate, Meagher & Flom and Spice Route Legal acted as legal counsel.

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