British electrolyser manufacturer ITM Power is to get £86 million from the UK government in a move designed to boost the country’s green hydrogen sector.

Great British Energy, the UK’s publicly-owned company set up by Kier Starmer’s government last year, today (Thursday) revealed it is giving ITM £40 million – its biggest investment yet in homegrown clean power.

And Energy Secretary Ed Miliband’s Department for Energy Security and Net Zero has also agreed in principle to provide a £46.5 million grant.

The money will be used to deliver a major expansion of hydrogen technology manufacturing at ITM’s base in Sheffield, Yorkshire. Some 400 new jobs will be created plus a 1GW expansion of the site’s output.