Great British Energy, the UK’s publicly owned energy company, is investing £40 million into ITM Power UK in South Yorkshire, alongside a £46.5 million government grant in principle, to deliver a major expansion of hydrogen technology manufacturing in the UK.

This latest investment will support a 1GW expansion of ITM’s South Yorkshire facility, with skilled jobs in manufacturing and construction locally and across the wider supply chain.

The factory manufactures ‘electrolysers’, a vital technology required to generate green hydrogen, by using electricity to split water into hydrogen and oxygen. Without electrolysers, green hydrogen cannot be deployed at scale. This investment will accelerate the delivery of ITM’s next-generation electrolyser technology – known as ‘Chronos’ - which has the potential to reduce costs, enhance energy efficiencies for businesses and speed up the adoption of green hydrogen across the country.

Dennis Schulz, CEO of ITM said: "We are grateful for the confidence and support demonstrated by the UK government. Clean power increasingly underpins energy sovereignty and resilience, which are critical to long-term economic success.

"The funds will enable the build-out of large-scale domestic manufacturing of our next-generation Chronos platform, underpinning confidence in our technology and sustained growth."

The Great British Energy investment is their single largest investment to date and comes from their Energy Engineered in the UK programme announced in December. This £1 billion scheme will create jobs, unlock economic opportunities and support homegrown champions by investing in UK-based clean energy supply chains.