The funding from for the Department Business, Energy and Industrial Strategy (BEIS), Low Carbon Hydrogen Supply Competition, will take ITM’s gigastack through testing and validation.

ITM hope that the manufacturing process, targeted at large-scale commercialisation of the gigastack will follow. With ITM anticipating a final investment decision to be made in the second quarter of 2023.

Development of ITM’s platform began in 2019, with the completion of a feasibility study also funded by the BEIS.

A second phase of the project, funded by the BEIS, was completed in 2021, which saw a front-end engineering design (FEED) study for a 100MW deployment with Philips66 and Orsetd, using power from the large-scale windfarm, Hornsea Two, off the coast of Yorkshire.

Gramham Cooley, CEO at ITM Power, said, “The Government has put green hydrogen at the centre of its plan to achieve its legislated Net Zero targets.

“Awards under competitions like this will ensure that the UK remains a world leader in energy transition technology and manufacture, creating jobs, new supply chains and valuable high-tech exports.”

In April, the UK Government released new plans to raise domestic low-carbon hydrogen production from 5GW to 10GW by 2030, with a half being completely green.

Read more:  UK Government unveils new energy security strategy doubling low-carbon hydrogen production to 10GW by 2030

Greg Hand, Energy Minister at the Department for Business, Energy and Industrial Strategy, said, “The UK is truly leading the world in hydrogen innovation thanks to the exciting efforts of companies like ITM Power.

“The Government support which they have received today will help to boost the development of hydrogen as the green, affordable, homegrown super fuel of the future.”