Great British Energy invests £40m in ITM Power for UK green hydrogen manufacturing expansion

Type: Investment · Technology: Hydrogen · Country: United Kingdom · Value: GBP 86.5M

Great British Energy made a £40 million strategic equity investment in ITM Power plc, alongside a £46.5 million government grant from the Department for Energy Security and Net Zero. The combined proceeds fund ITM Power's expansion of large-scale UK manufacturing for its Chronos electrolyser stack technology, with a new automated manufacturing line targeting up to 1 GW annual capacity.

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