UK Backs ITM Power With £86.5M Hydrogen Boost
In a pivotal development for the United Kingdom’s decarbonization strategy, ITM Power, the Sheffield-based manufacturer of PEM (Proton Exchange Membrane) electrolyzers, has secured a landmark £86.5 million funding package from the British government. This comprehensive investment—comprising a £40 million equity stake from the newly established Great British Energy and a £46.5 million grant from the…
