Major investment in South Yorkshire hydrogen firm to create hundreds of jobs
The Government said ITM Power UK in South Yorkshire has received £40 million from the newly created Great British Energy
Hundreds of jobs are to be created thanks to a major investment in hydrogen.
The Government said ITM Power UK in South Yorkshire received £40 million from the newly created Great British Energy, describing it as another step towards clean homegrown energy.
More than 400 jobs will be created through the huge expansion of hydrogen technology.
The announcement is the largest investment in clean homegrown power by Great British Energy, the UK’s publicly owned energy company.
Energy Secretary Ed Miliband said: “This investment is the Government’s clean energy mission in action – rebuilding our energy security with clean homegrown power and good industrial jobs for South Yorkshire.
“Communities have long been calling out for a new generation of good industrial jobs, and with these plans we answer that call, helping to create an economy in which there is no need to leave your home town just to find a decent job.
“Thanks to this Government’s commitment to clean energy, a generation of young people in our industrial heartlands can have well-paid, secure jobs.
“This has only happened thanks to months of intense collaboration between Great British Energy, our publicly owned energy company, the Government and ITM Power.
“It is time to make and build things in Britain again, and with this Government’s clean energy mission, we will.”
Chancellor Rachel Reeves said: “Sheffield was the backbone of Britain’s industrial revolution, and today shows our commitment to it being at the forefront of the industries that will shape our future.
“We have the right economic plan.
“We are backing skilled jobs, regional growth and British manufacturing – benefiting the people of Sheffield and strengthening the country’s economy.”
Dan McGrail, chief executive of Great British Energy, said: “With this investment Great British Energy is backing British innovation, technology and hundreds of skilled jobs.
“This is our energy engineered in the UK strategy in action.
“We are investing in ITM, helping them to scale, compete globally and keep vital engineering expertise here in the UK.”
Dennis Schulz, chief executive of ITM, said: “We are grateful for the confidence and support demonstrated by the UK Government.
“Clean power increasingly underpins energy sovereignty and resilience, which are critical to long-term economic success.”