Ohmium secures $250M in funding for green hydrogen technology.

Ohmium, a Silicon Valley company, has raised $250 million to increase production of machines that can make clean hydrogen and displace fossil fuels. Burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement, without contributing to climate change. Ohmium's role is to make electrolyzers, the devices that take water and split it into hydrogen and oxygen. The company plans to make enough electrolyzers each year to supply 2 gigawatts’ worth of hydrogen. Countries and industries are setting ambitious targets to cut carbon dioxide from heavy manufacturing using hydrogen.