Ohmium International, a US-based renewable energy start-up, on Tuesday said it has launched India’s first green hydrogen electrolyzer gigafactory at Bengaluru through its India subsidiary.
The gigafactory will manufacture India-made Proton Exchange Membrane (PEM) hydrogen electrolyzers with an initial manufacturing capacity of about 500 MW per year and will scale it up to 2 GW per year.
According to the company press release, the PEM hydrogen electrolyzer is the main equipment for the production of green hydrogen as it uses power generated from renewable resources to break water into hydrogen and oxygen.
“Our products are modular, high performance and high value. This ensures that they can be utilised to achieve levelized costs of hydrogen which support the growth of India’s economy,” said Arne Ballantine, chief executive officer and co-founder, Ohmium.
The start-up has developed technology which can be both distributed and scaled-up.
“We are firmly aligned to India's vision... By further boosting the production of green hydrogen within India, we aim to make the nation an export hub for green fuel,” said Pashupathy Gopalan, an Ohmium Investor.
The company said that it would ensure availability of an end-to-end solution within the country and cut down dependence on imports for this key equipment.