Core Insights - Ohmium International Inc. has surpassed the 2030 industry target of 10 GW per ton iridium utilization, achieving an 18 GW per ton rate, significantly enhancing the cost-competitiveness of green hydrogen production [1][2] - The company has reduced iridium usage by 50% in its Lotus electrolyzer, Mark 2, which is crucial given the high cost of iridium in electrolyzer manufacturing [2] - Ohmium aims to further optimize its technology to reach a utilization efficiency of 36 GW per ton or less within a year, with a long-term goal of near-zero iridium usage within a decade [2] Company Overview - Ohmium designs, manufactures, and deploys modular Proton Exchange Membrane (PEM) electrolyzers, facilitating cost-competitive green hydrogen production [3] - The company has a global green hydrogen project pipeline exceeding 2 GW across three continents and raised $250 million in Series C financing in 2023 [3]