ITM Power announced yesterday (May 19), it had won £9.3m ($11.6m) of UK Government funding towards its 5MW gigastack of PEM electrolysers, as part of the UK’s latest push towards low-carbon hydrogen.
The funding from for the Department Business, Energy and Industrial Strategy (BEIS), Low Carbon Hydrogen Supply Competition, will take ITM’s gigastack through testing and validation.
ITM hope that the manufacturing process, targeted at large-scale commercialisation of the gigastack will follow. With ITM anticipating a final investment decision to be made in the second quarter of 2023.
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