ITM opened its first facility in Sheffield in January
ITM Power to raise finance for expansion
Firm looks to raise a total of £250mn to build two further factories to meet demand
UK electrolyser manufacturer ITM Power is looking to raise £250mn ($343.7mn) in equity financing to support the expansion of its manufacturing facilities. The move is subject to shareholder approval and involves selling a tranche of shares in the company via conditional placing at £0.05 per share. ITM’s joint-venture partner industrial gases firm Linde, certain directors and a member of the group’s senior management will buy shares in the company in a separate move that is expected to raise an additional £20mn. “The money raised will fund a second UK factory with even more automation and our first international manufacturing facility, as well as providing the capital necessary to continue to
Also in this section
1 April 2026
Multiple projects have been scrapped and valuations have nosedived, but the IEA says hydrogen is no passing fad
25 March 2026
The Middle East energy shock has highlighted the value of France’s unique potential to deploy nuclear-powered electrolysers
18 March 2026
The second fossil-fuel price shock in four years can be a much-needed catalyst for investment in the sector
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
