ITM Power secures £40 million from Great British Energy plus £46.5 million government grant for 1GW electrolyser plant
By Eve
ITM Power, a UK electrolyser manufacturer, has received a £40 million strategic equity investment from Great British Energy and confirmation of a £46.5 million grant from the Department for Energy Security and Net Zero. The combined £86.5 million will fund a new automated manufacturing line in the UK with up to 1GW annual production capacity for its Chronos next generation electrolyser stack technology. Burges Salmon advised ITM Power on the equity transaction, with the deal expected to create additional skilled jobs as hydrogen infrastructure demand grows.
Why it matters
The investment signals government backed expansion of UK electrolyser manufacturing capacity, which will supply equipment for green hydrogen production that can power heavy transport and industrial fleets increasingly served by charging and refuelling infrastructure. Procurement teams planning hydrogen refuelling stations should note the scaling domestic supply chain and potential cost reductions from the Chronos technology.
Source
- Original title
- “Burges Salmon advises ITM Power plc on £40m strategic equity investment by Great British Energy”
- Published
- 9 April 2026 (date approximate)
- Updated
- 22 September 2026
In this story
- Topic
- Grid & Energy
- Place
- United Kingdom
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