Silicon Valley company raises $250M for hydrogen technology

Silicon Valley company raises $250M for hydrogen technology

a year ago
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https://apnews.com/article/hydrogen-climate-solution-fossil-fuels-ohmium-eaa559a4c50c9b167f941315b36cbb38

In what could prove a milestone for an industry that hopes to help address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to increase production of machines that can make clean hydrogen and displace fossil fuels.

Some climate experts say burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement — without contributing to climate change. That's been largely theoretical, but real world examples are now growing.

Silicon Valley company raises $250M for hydrogen technology

Apr 26, 2023, 8:20am UTC
https://apnews.com/article/hydrogen-climate-solution-fossil-fuels-ohmium-eaa559a4c50c9b167f941315b36cbb38 > In what could prove a milestone for an industry that hopes to help address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to increase production of machines that can make clean hydrogen and displace fossil fuels. > Some climate experts say burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement — without contributing to climate change. That's been largely theoretical, but real world examples are now growing.