ITM Power has received a £40 million investment from Great British Energy and a confirmed £46.5 million grant from the Department for Energy Security and Net Zero. The funds will establish a 1 GW automated manufacturing line for its next-generation Chronos electrolyser stack in the UK, supporting domestic hydrogen production capacity.
ITM Power has secured a £40 million investment from Great British Energy, the UK government's publicly owned energy company, alongside a confirmed grant of £46.5 million from the Department for Energy Security and Net Zero, according to an official announcement. The funds will support the establishment of a new 1 GW automated manufacturing line for the company's next-generation Chronos electrolyser stack in the UK.
ITM Power is a UK-based manufacturer of polymer electrolyte membrane electrolysers for green hydrogen production. The company unveiled Chronos for the first time during the award ceremony, positioning the platform as a new benchmark in electrolyser performance and cost. Its current Trident stack platform will continue to be manufactured and innovated to serve existing customers and long-term service agreements.
This development matters for the UK hydrogen economy, where domestic manufacturing capacity is critical for energy sovereignty and resilience against geopolitical instability. The investment reflects the government's clean energy mission to rebuild energy security with homegrown power and industrial jobs, particularly in South Yorkshire.
For the hydrogen industry, the funding enables large-scale domestic manufacturing of next-generation electrolyser technology, underpinning confidence in ITM Power's technology and sustained growth. Stakeholders including project developers, industrial hydrogen users, and engineering firms stand to benefit from expanded UK-based supply chain capabilities. The government's combination of equity participation and grant funding positions ITM Power as a natural partner for UK hydrogen projects.
About GlobeNewsInfo
GlobeNewsInfo.com is a business news platform providing latest updates on global business developments, projects, and contract opportunities across diverse sectors and regions. The platform is designed to serve as a trusted source of information for companies, investors, and professionals worldwide.