ITM Power acquires site for second factory
Firm intends to build a factory on the site capable of producing 1.5 GW/yr of electrolysers that it hopes to be fully operational by the end of 2023
UK electrolyser manufacturer ITM Power has acquired a site for its second factory in Tinsley, Sheffield. ITM intends to build a factory on the site capable of producing 1.5GW/yr of electrolysers that it hopes to be fully operational by the end of 2023. The site will be in addition to ITM’s 1GW/yr facility at nearby Bessemer Park, completed in January. The overall cost of the new Sheffield factory is expected to be £50-55mn ($68-74mn). In addition to the £13.4mn cost of the land, the company is allocating up to £16mn for the construction of the shell and £20-25mn for the equipment and power supply. Last month, the firm raised £250mn in equity financing to support the expansion of its manufact

Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment