Ohmium Ranks 2nd out of 250 Top Green Tech Companies Selected by TIME Magazine for this inaugural recognition

FREMONT, Calif.–(BUSINESS WIRE)–Ohmium International (“Ohmium”), a leading green hydrogen company that designs, manufactures, and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, today announced it has been awarded second place out of 250 companies included in TIME’s inaugural list of America’s Top GreenTech Companies 2024. This prestigious award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider. The award list was announced on March 5th, 2024, and can be viewed on TIME’s website.

Ohmium is also first in its category of “Resources,” based on an evaluation of over 4,600 companies across three dimensions – Positive Environmental Impact, Financial Strength, and Innovation Drive. The award process reviewed US companies that focus on developing and providing green technologies, products, or services to help mitigate or reverse the impact of human activities on the environment. In support of the research, data was gathered from annual reports, media monitoring, and other public sources. Additionally, Statista worked with specialized data partners, HolonIQ and LexisNexis PatentSight to further strengthen the data quality. Based on the study results, Ohmium is thrilled to be recognized as a leader on TIME’s list of America’s Top GreenTech Companies 2024.

We are grateful for the support from our customers, investors and Ohmium team members in building our company, and we thank TIME and Statista for their thorough analysis and for this award,“ said Ohmium CEO, Arne Ballantine. “We believe that our commitment to our core values, which include a focus on safety, sustainability, DEI and innovation – as well as hard work, teamwork, and serving with integrity – have been essential in this effort. We appreciate this recognition of our talented and experienced team and our revolutionary hyper modular technology, and the tremendous opportunity we have to impact climate change with our global operations.”

About Ohmium:

Ohmium designs, manufactures and deploys modular, scalable proton exchange membrane (PEM) electrolyzers that enable cost-competitive green hydrogen production. The company’s suite of electrochemical products helps customers achieve their sustainable energy goals for industrial, transportation, and energy projects. Headquartered in the United States, with manufacturing facilities in India and operations worldwide, Ohmium has a global green hydrogen project pipeline of more than 2 GW across three continents. In 2023, Ohmium raised $250 Million in Series C financing, led by TPG Rise Climate.

Ohmium’s Proton Exchange Membrane (PEM) Electrolyzers

Ohmium manufactures modular interlocking PEM electrolyzers that integrate advanced power electronics, delivering added value for a wide range of commercial and industrial applications in terms of safety, installation cost and speed, energy density, scalability, and ramp rate. Individual, compact electrolyzers can be easily stacked to significantly reduce installation and maintenance costs and the standardized design enables rapid scaling from megawatts to gigawatts. Ohmium’s patented electrolyzer technology features dynamic ramping capabilities, making it suitable to pair with renewable electricity. For more information, please visit www.ohmium.com


Ohmium International
Karina Alexanyan, VP Marketing