ITM plans to build a second factory in Sheffield, UK
ITM Power acquires site for second factory
Firm intends to build a factory on the site capable of producing 1.5 GW/yr of electrolysers that it hopes to be fully operational by the end of 2023
UK electrolyser manufacturer ITM Power has acquired a site for its second factory in Tinsley, Sheffield. ITM intends to build a factory on the site capable of producing 1.5GW/yr of electrolysers that it hopes to be fully operational by the end of 2023. The site will be in addition to ITM’s 1GW/yr facility at nearby Bessemer Park, completed in January. The overall cost of the new Sheffield factory is expected to be £50-55mn ($68-74mn). In addition to the £13.4mn cost of the land, the company is allocating up to £16mn for the construction of the shell and £20-25mn for the equipment and power supply. Last month, the firm raised £250mn in equity financing to support the expansion of its manufact
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
