Tamil Nadu has secured an investment of Rs 4,000 crore from US-based Ohmium International, Inc. to set up a manufacturing facility in the state, Chief Minister MK Stalin said on Sunday.
Stalin, along with Industries Minister TRB Raja and senior government officials, attended the signing ceremony of a memorandum of understanding between Omium and the state government for an upcoming project in the neighbouring Chengalpattu district.
“Another successful day in San Francisco. We secured an investment of Rs 400 crore from Ohmium in Chengalpattu district and created 500 jobs,” Stalin said.
The governor is currently on a visit to the United States to seek investments in Tamil Nadu.
“This (MOU with Omium International) marks a significant step forward in fostering an ecosystem for green energy production and promoting a sustainable future,” the governor wrote in a social media post.
According to the Ohmium International website, the company designs and manufactures modular, scalable products.
Proton exchange membrane (PEM) electrolyzer enabling cost-competitive, green hydrogen production.
The company’s electrochemical product portfolio helps customers achieve sustainable energy goals in a wide range of industrial, transportation and energy projects.
Ohmium International operates globally and has manufacturing facilities in India. According to its website, the company raised $250 million in Series C funding led by TPG Rise Climate in 2023.