3M is an American conglomerate and they recently made an undisclosed investment in Ohmium International. Ohmium is a Californian PEM electrolyser manufacturer and the purpose of this investment is to support the development of material.

The investment will come as part of 3M’s plans to support low-carbon technologies and this agreement was confirmed, as Senior Vice-President of 3M New Growth Ventures, Mark Copman, commented that, ‘the firm saw “significant” collaboration areas including advanced materials with Ohmium.’

Ohmium CEO, Arne Ballantine, mentioned that, ‘the company looked forward to working with the multinational on “continued innovation in catalyst and other electrolyser materials.”’

Ballantine also said that, ‘3M’s investment was “another testament” to the firm’s technology and deployment track record after the company raised $250m in 2023 in a Series C round led by TPG Rise Climate.’

The Newark-headquartered electrolyser original equipment manufacturer (OEM) added that its, ‘PEM systems use proprietary power electronics, a modular design and a standardised manufacturing approach to deliver lower costs and higher efficiencies of green hydrogen production.’

The CEO said, ‘R&D would remain a key focus of the firm to perform in an “even better fashion” against key parameters.’

It was in May of this year that Ohmium confirmed a deal around supplying a Croatian refinery with 10MW electrolyser system for green hydrogen production. This facility would be operated by MOL Group subsidiary INA.