• ITM Power's shares are up 9.2% today, trading at £123.40, following the formal award of a £46.5 million grant from the Department for Energy Security and Net Zero (DESNZ).
  • This grant, initially announced in April, provides significant support for establishing operational capability to manufacture ITM's next-generation Chronos electrolyser stack.
  • The funding is expected to strengthen the company's competitive position, expand its market, and accelerate the industrial adoption of green hydrogen, contributing to sustainable growth.