£85m funding boost announced for green energy firm

April 10, 2026 - 02:48

A significant £85 million funding injection has been announced for green energy company ITM Power, headquartered in Sheffield. This substantial financial boost is set to accelerate the firm's growth and solidify its position in the clean technology sector.

The core impact of this investment will be local job creation, with plans to establish 400 new positions at the company's Sheffield facilities. These roles will focus on advancing green technology, specifically in the production of electrolysers, which are crucial devices for producing clean hydrogen gas.

Hydrogen is widely viewed as a vital fuel for the future, capable of powering industries and transportation without carbon emissions. This funding will enable ITM Power to scale up its manufacturing capabilities, helping to meet the rising global demand for hydrogen solutions and supporting national energy security goals.

The expansion represents a major vote of confidence in both the company's technology and the Yorkshire region's growing status as a central hub for the UK's green industrial revolution. The new high-skilled jobs will provide a considerable economic boost to the local area while contributing directly to the country's net-zero ambitions.