US-based renewable energy firm Ohmium will invest Rs 400 crore in Tamil Nadu to establish its manufacturing unit in Chengalpattu district. A memorandum of understanding (MoU) in this regard was signed in San Francisco on 01 September, 2024 in the presence of Chief Minister MK Stalin, during a two-week visit to the US to attract investments.

Ohmium designs and manufactures green hydrogen production and scalable proton exchange membrane (PEM) electrolyser systems. It has established global green hydrogen pipelines across the US, Mexico, Europe, and Asia. The Chengalpattu unit will manufacture electrolysers and green hydrogen. This marks a significant step in nurturing the ecosystem for green energy production and fuelling a sustainable future.

During an investors’ conference on 29 August, the state signed MoUs with six global companies - Nokia, PayPal, Yiled Engineering Systems, Microchip Technology, Infinx Healthcare, and Applied Materials, for an investment of Rs 900 crore, which will generate employment for 4,100 people in Chennai, Coimbatore, and Madurai.

The CM met with senior executives from Apple, Google, and Microsoft, inviting them to invest in Tamil Nadu and signed an MoU with Google to set up Artificial Intelligence (AI) research labs in the state. The facility is expected to provide jobs to around 500 people.