ITM Power Secures £86.5 Million UK Investment for 1 GW Electrolyser Manufacturing Facility

Sheffield-based ITM Power PLC has secured £86.5 million in combined funding to construct a new automated manufacturing facility in South Yorkshire. Great British Energy is providing £40 million in equity investment, acquiring a 10.8% stake in the company, while the UK Department for Energy Security & Net Zero is contributing a £46.5 million grant.

The facility will produce Chronos PEM (proton exchange membrane) electrolyser stacks at a target capacity of 1 GW annually. The investment is expected to create over 400 skilled positions in engineering, assembly, and support roles, while strengthening local supply chains in precision engineering and materials handling.

ITM Power has upgraded its FY26 cash guidance to £210–215 million based on strong order momentum. The company expects construction to begin later this year following final permitting, with commissioning and capacity ramp-up to follow.

Energy Secretary Ed Miliband highlighted the initiative's role in strengthening domestic hydrogen infrastructure and supporting South Yorkshire's economic transition. The investment aligns with UK government priorities to reduce import dependence on clean energy manufacturing and positions ITM Power to serve growing global demand for hydrogen production equipment in industrial decarbonization.

Originally reported by Hydrogen Fuel News. Read the full article →