TPG Rise Climate led a $250m Series C funding round in Ohmium.

TPG Rise Climate, the dedicated climate investing strategy of TPG, led a $250m Series C funding round in Ohmium, a green hydrogen company, with participation from Hanover Technology Investment Management, Energy Transition Ventures and Fenice Investment Group. “Ohmium’s cutting-edge PEM electrolyzer systems are crucial to enabling the green hydrogen industry, satisfying a wide range of commercial applications and delivering superior value in terms of current density, scalability, ramp rate, and safety. At a time when the market lacks sufficient reliable supply of electrolyzers, we are pleased to lead the company’s latest funding round and partner with the team to scale its delivery capability,” Ed Beckley, TPG Partner.