Ohmium to invest ₹400 crore in Tamil Nadu; MoU signed in presence of MK Stalin

In this regard, a Memorandum of Understanding (MoU) was signed with the Tamil Nadu government in the presence of Prime Minister MK Stalin in San Francisco, USA. Photo: Special Agreement

US-based renewable energy company Ohmium would set up its unit in Chengalpattu district of Tamil Nadu to produce green hydrogen and make electrolysers at an investment of ₹400 crore. The unit is expected to generate employment for around 500 workers.

In this regard, a Memorandum of Understanding (MoU) was signed with the Tamil Nadu government in the presence of Prime Minister MK Stalin in San Francisco, USA on Saturday (Sunday morning, Indian time) in the presence of the US Prime Minister, an official statement by the Tamil Nadu government said.

Mr. Stalin in a social media post said, “Another successful day in San Francisco! We have secured an investment of ₹400 crore from Ohmium in Chengalpattu district, creating 500 jobs. A significant step in nurturing an ecosystem for green energy production and powering a sustainable future!”

Ohmium is engaged in the production of green hydrogen and the design and manufacture of proton exchange membrane electrolyzers. It operates in the US, Mexico, Europe and Asia.

Tamil Nadu Industries Minister TRB Rajaa and senior officials from the Department of Industries, Investment Promotion and Commerce were present.

Mr. Stalin is leading a delegation from the Tamil Nadu government to the US, as part of his government’s mission to seek investment proposals for Tamil Nadu. The government has been trying to seek investment proposals in multiple sectors, as part of its mission to become a $1 trillion economy by 2030.