Ohmium raises $250 million to produce clean hydrogen and displace fossil fuels
As the world grapples with the threat of climate change, scientists and experts are turning to hydrogen gas as a clean alternative to fossil fuels. In an exciting development for the industry hoping to tackle climate change, Silicon Valley startup Ohmium has raised $250 million to ramp up the production of machines that can create clean hydrogen by splitting water into hydrogen and oxygen. This milestone could mark a significant change in the way we produce and consume energy.
Can burning hydrogen replace coal, oil, or gas?
Some climate experts argue that burning hydrogen can replace burning coal, oil, or gas in making steel or cement without contributing to climate change. Until recently, this has been largely theoretical, but real-world examples are now growing. Countries and industries are now setting ambitious goals to reduce carbon dioxide from heavy manufacturing that relies on hydrogen, with demands expected to rise significantly in the coming years.
How does electrolyzer manufacturing help meet the demand for low-emission hydrogen?
Ohmium’s role in this green hydrogen revolution is to manufacture electrolyzers, which draw electricity from a renewable energy grid like wind or solar and turn water into hydrogen and oxygen. Ohmium has plans to make enough electrolyzers each year to supply 2 gigawatts of hydrogen, enough for a few steel or fertilizer plants or several refineries. A significant jump in electrolyzer manufacturing and carbon-free electricity will be required to meet the expected increase in demand for low-emission hydrogen.
What does this mean for the future of energy and climate change?
The new generation of electrolyzers from companies like Ohmium could significantly reduce greenhouse gas emissions and accelerate the world’s shift to clean energy. Today, most hydrogen is produced from natural gas, which means greenhouse gases are released during its production and transportation. However, with advances in technology and a rapid increase in demand for low-emission hydrogen, hydrogen production could shift completely to electrolysis, powered by renewable electricity.
With a growing recognition that hydrogen holds the key to tackling climate change, companies like Ohmium are at the forefront of the transition to cleaner energy. At a time when the world is grappling with the urgency of climate change, the race to develop new technologies and move toward a green hydrogen economy is picking up pace. As per information from the source, this is a significant milestone for an industry seeking to make a positive impact on the planet.