ITM Power secures £86.5m government-backed boost to scale hydrogen technology

ITM Power has secured a major funding package worth up to £86.5m, combining equity investment and grant support from the UK government to accelerate the rollout of its next-generation electrolyser technology.

The Sheffield-based hydrogen specialist confirmed it has raised £40m through a non-pre-emptive subscription from Great British Energy Group, alongside a proposed £46.5m grant from the Department for Energy Security and Net Zero (DESNZ), subject to regula... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...