ITM Power consortium wins £9.4m in government funding
By Josh White
Date: Monday 22 Nov 2021
(Sharecast News) - ITM Power said on Monday that the Green Hydrogen for Scotland Consortium had been successful in its application for funding from the Energy Innovation Portfolio competition run by the Department of Business Energy Innovation and Skills (BEIS).
The AIM-traded firm said the funding of £9.4m would support investment in the first phase of development for ScottishPower's 20MW Whitelee Windfarm hydrogen production and storage facility.
It said the partners in the Green Hydrogen for Scotland Consortium were ScottishPower, BOC and ITM Power.
The funding would be used for a 10MW electrolyser and associated four tonnes of storage, which would be the first phase in the development of the 20MW facility, for which a planning application was submitted on 12 April, to be sited at Whitelee Wind Farm near Glasgow, making for the UK's largest onshore wind farm.
ITM Power said the project formed part of its recently-announced contracts backlog.
"We are very pleased to be a partner in Green Hydrogen for Scotland and this first project, Green Hydrogen for Glasgow, will see the deployment of the largest electrolyser to date in the UK," said chief executive officer Graham Cooley.
At 1134 GMT, shares in ITM Power were down 1.58% at 457.65p.
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