ITM Power will build the world’s largest electrolyser production facility in Sheffield creating more that 300 high tech jobs.
The £250 million expansion programme will see the British manufacturer open its second factory in the city by the end of 2023.
The new facility will be built next to the firm’s existing factory on Bessemer Park in Tinsley which is already the largest of its kind in the world. However, Gigafactory 2.0 will dwarf it’s existing sibling, with 50 per cent more production capacity.
ITM Power make carbon-free fuel that can be used to power cars, homes and industry by making electrolysers that split water to create hydrogen. The company currently employs 360 people and is valued at £2.38bn.
Business and Energy Secretary Kwasi Kwarteng said:
The hydrogen sector is riding high after the Government promised to boost hi-tech green sectors post-Brexit.