ITM Power moves in 1-GW-per-year electrolyser plant in Sheffield

UK hydrogen company ITM Power Plc (LON:ITM) today announced that the work on the interior of its electrolyser Gigafactory at Bessemark Park, Sheffield, reached practical completion.

The building, in which ITM Power plans to manufacture 1 GW of electrolysers per year, has been handed over by the contractors to the company.

Work included an expansion of the existing offices and enlargement of the stack manufacturing and production areas. The factory features a 24-hour remote and technical monitoring centre, marketing centre, technology centre, component stores and also has 5-MW power supply on site. A conferencing facility and a hydrogen academy will be set up in the near future.

"We have made solid progress over the last few months in operations as we gear up for the step change in manufacturing volumes enabled by our move into the world's largest electrolyser production facility," said chief executive Graham Cooley.

It took two and a half years to design and fit out the plant. The company says that the Gigafactory provides a blueprint which can be easily replicated if there are large order volumes.

In December, two of ITM Power's shareholders -- Italian natural gas utility Snam SpA (BIT:SRG) and industrial gases supplier Linde Plc (NYSE:LIN) -- agreed to jointly develop clean hydrogen projects and infrastructure in Europe. Cooley then said that "[w]ith the additional capacity at our new Gigafactory in Sheffield, ITM Power is well positioned to supply our world-leading PEM electrolysis technology to suitable projects arising from Linde and Snam's collaboration."

ITM Power, which has now changed its registered office address to Bessemer Park, will report its results for the six months through October 2020 on January 28.

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