ITM Power has been granted £46.5 million for its Chronos electrolyser stack from the Department for Energy Security and Net Zero (DESNZ).
Combined with the £40m equity investment from Great British Energy, the grant will allow ITM Power to establish the operational capacity needed to manufacture the electrolyser stack, accelerating industry adoption of green hydrogen and supporting the pathway to sustainable, profitable growth.
The Chronos manufacturing line will be built on the existing ITM Power Sheffield facilities and will focus on the automated production equipment needed for the annual production capacity of 1GW. Modular test systems will be produced in-house, with validation materials being acquired to enable manufacturing ramp-up.
Dennis Schulz, CEO of ITM Power, said: “We are delighted that the DESNZ grant has now been formally awarded, enabling us to build our next-generation Chronos manufacturing line in Sheffield. Combined with the strategic equity investment from Great British Energy, this marks a pivotal step in establishing us at the centre of the UK's hydrogen economy and firmly positions us as a natural partner for projects in the UK. Sheffield is recognised as the historic home of steelmaking. We will make it just as famous for hydrogen.”
ITM Power Awarded £46.5m for Electrolyser Stack
