Ohmium Announces Collaboration with SwitcH2 BV and BW Offshore for Floating Green Ammonia Plant
Ohmium has signed a Term Sheet with SwitcH2 BV to develop PEM electrolyzer solutions for a groundbreaking 300 MW Offshore Floating Ammonia Project
Ohmium International, a green hydrogen company that designs, manufactures and deploys advanced Proton Exchange Membrane (PEM) electrolyzer solutions, announced today that it signed a Term Sheet with SwitcH2 BV, a renewable energy Joint Venture with partners such as BW Offshore, a leading provider of offshore production solutions. Under the agreement, Ohmium will develop PEM electrolyzer solutions for a pioneering 300MW offshore floating green hydrogen and ammonia synthesis project led by SwitcH2.
Located off the coast of Southern Europe, the project will create an industrial scale floating green hydrogen and ammonia production facility based on proven Floating Production, Storage and Offloading (FPSO) technologies. 300 MW of Ohmium’s PEM electrolyzer solutions will be installed on board SwitcH2’s 268 meter Floating Production, Storage and Offloading (FPSO) vessel. When complete, the 300MW floating facility will have an annual production capacity of up to 55,000 tonnes of green hydrogen and almost 300kton of green ammonia – enough to fuel multiple oceangoing vessels for a full year.
Ohmium's PEM electrolyzers will utilise nearshore solar and wind power, along with treated seawater, to produce green hydrogen. The hydrogen will be fed into an on-deck ammonia synthesis unit, and the resulting product will eventually be offloaded onto an ammonia carrier for transport to offtakers. With support from the Dutch government and approval in principle for its design by the Norwegian certification agency DNV,the project anticipates green ammonia production by 2029.
“We are pleased to have Ohmium join us in making this pioneering project possible,” said SwitcH2’s director and co-founder Bob Rietveldt. “Ohmium’s compact, hyper modular PEM electrolyzers are ideally suited for the space constrained FPSO setting. Their product delivers high efficiency, and the comprehensive, standardized design enables flexible and rapid installation, at scale.”
“Ohmium is thrilled to be part of this cutting edge and transformative project,” said Arne Ballantine, Ohmium CEO. “We appreciate the expertise that SwitcH2 Joint Venture brings to offshore floating production, and their vision in leveraging renewables and green hydrogen for the creation of green ammonia. The market for green ammonia is poised to grow exponentially in the coming decades, especially as a source of clean fuel for the global shipping industry, and Ohmium is looking forward to collaborating with SwitcH2 in helping address that need.”
About Ohmium
Ohmium designs, manufactures, and deploys modular, scalable Proton Exchange Membrane (PEM) electrolyzers that enable cost-competitive green hydrogen production. The company’s suite of electrochemical products helps customers achieve their sustainable energy goals across various industrial, transportation, and energy projects. Headquartered in the United States with manufacturing facilities in India and operations worldwide, Ohmium has a global green hydrogen project pipeline exceeding 2 GW across three continents. In 2023, Ohmium raised $250 Million in Series C financing, led by TPG Rise Climate.
About SwitcH2 BV
SwitcH2 BV is a project development company, engineering and operating the next generation of offshore floating production systems for the delivery of green hydrogen and green ammonia for industrial offtakers. Jointly with our shareholders BW Offshore and Dutch Oceans Capital, we represent decades of offshore experience which we bring to live in innovative renewable energy systems. For more information, please visit: https://switch2offshore.com/
View source version on businesswire.com: https://www.businesswire.com/news/home/20241017790557/en/
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Nordic Group B.V. Through Its Subsidiary Nordic Pharma, Inc. (U.S.), Continues Its Introduction of LACRIFILL® Canalicular Gel, a Novel Therapy for Dry Eye, During American Academy of Ophthalmology (AAO) 202417.10.2024 15:00:00 CEST | Press release
Nordic Pharma to share this innovation and its pivotal study article in the Journal of Cataract and Refractive Surgery (JCRS) with ophthalmology leaders Nordic Pharma, Inc., a subsidiary of Nordic Group B.V., launched LACRIFILL Canalicular Gel, a novel therapy for dry eye in the U.S. in April and will continue its introduction to leading ophthalmologists during AAO 2024. LACRIFILL Canalicular Gel is a cross-linked hyaluronic acid derivative and is FDA-cleared to temporarily block tear drainage by the occlusion of the canalicular system. LACRIFILL Canalicular Gel allows patient’s eyes to be bathed by their own natural tears. It is customized for each individual patient and provides a full fill of the canalicular system. LACRIFILL Canalicular Gel is administered through a simple in-office procedure, which is reimbursed through an existing CPT code (68761). The results last for six months. “We are delighted to be representing Nordic Pharma at AAO,” said Phil Gioia, President of the U.S. t
DriveWealth Bolsters Connectivity for Institutional Broker-Dealers, Enhancing Global Reach and Operational Efficiency17.10.2024 15:00:00 CEST | Press release
Expanded EMS integrations and telecom support will reduce integration times for BDs and enhance trading capabilities and market access DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced its end-to-end integration with multiple execution management system (EMS) platforms, including Bloomberg EMSX, LSEG Autex and TRAFiX. With these integrations, institutional broker-dealers can connect with DriveWealth’s platform and benefit from streamlined trade booking, reduced integration times, and seamless access to advanced features. “Our goal is to make it turnkey for any institutional broker-dealer to connect to DriveWealth’s existing technology stack without modifying existing systems or infrastructure,” said Aaron Sokasian, Chief Technology Officer at DriveWealth. “With improved connectivity, brokerage firms can experience superior execution quality and extended trading capabilities at a competitive price, all while utilizing the platforms th
Westlake Global Compounds Sites Receive Silver Medal from EcoVadis17.10.2024 15:00:00 CEST | Press release
Westlake Corporation (NYSE: WLK) today announced that Westlake Global Compounds businesses and operating sites outside of the U.S. - Westlake Compounds Holdings, S.A.S. - have been awarded the esteemed EcoVadis Silver Medal, reflecting the company’s commitment to improved environmental sustainability and corporate social responsibility. This accolade places these Westlake Global Compounds sites among the top 15% of companies assessed by EcoVadis globally over the past year. EcoVadis is the world’s largest and most trusted provider of business sustainability ratings and evaluates companies globally on their corporate social responsibility performance using international standards like the Global Reporting Initiative, the United Nations Global Compact, and ISO 26000. “Receiving the EcoVadis Silver Medal is a significant milestone for Westlake Global Compounds and underscores our commitment to environmental stewardship and ethical business practices,” said Bridget Confait-Smith, associate
Samsung Develops Industry’s First 24Gb GDDR7 DRAM for Next-Generation AI Computing17.10.2024 14:41:00 CEST | Press release
New GDDR7 offers industry-leading capacity and speed of over 40Gbps, significantly raising the bar for graphics DRAM powering future applicationsValidation with major GPU customers to begin this year, production slated for early next year Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today announced it has developed the industry’s first 24-gigabit (Gb) GDDR71 DRAM. In addition to the industry’s highest capacity, the GDDR7 features the fastest speed, positioning itself as the optimum solution for next-generation applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241017969736/en/ Samsung Develops Industry’s First 24Gb GDDR7 DRAM for Next-Generation AI Computing (Graphic: Business Wire) With its high capacity and powerful performance, the 24Gb GDDR7 will be widely utilized in various fields that require high-performance memory solutions, such as data centers and AI workstations, extend
D & P Communications expands multigigabit services with Adtran’s fiber access solution17.10.2024 14:00:00 CEST | Press release
News summary: Regional service provider needed to grow network capacity without overhauling its existing infrastructure Adtran’s open, intelligent fiber platform offers rapid scale, helping D & P Communications expand multigigabit connectivity across Michigan Versatile fiber broadband solution supports Combo PON technology for seamless network upgrades Adtrantoday announced that D & P Communications is harnessing its open and intelligent fiber access technology to bring multigigabit broadband to more subscribers in southern Michigan. The deployment includes Adtran’s scalable fiber broadband solution with Combo PON technology, enabling D & P Communications to efficiently upgrade to symmetrical 10G PON services by seamlessly supporting the install base of GPON subscribers while blanketing the entire fiber-to-the-home (FTTH) network with the higher speed and capacity of symmetric 10Gbit/s XGS-PON. This empowers the service provider to scale quickly to meet rising demand for high-speed bro
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom