H2-View News: UK takes stake in ITM Power as £86.5m backing targets next-gen stack scale-up
Administrator2026-04-09T06:37:19+00:00The funding package, comprising a £40m ($53.6m) equity investment from GBE and a proposed £46.5m ($62.3m) government grant, will support the development of an automated production line for ITM’s Chronos PEM stacks. The £120m ($160.8m) project at the company’s Sheffield site is targeting a nameplate capacity of 1GW by 2028 and will include automated equipment [...]

