- Notice of Half Year Results
- Practical Completion, 5MW power supply and change of Registered Office address
ITM Power (AIM: ITM), the energy storage and clean fuel company, announces an update on the fit out and opening of the Company’s first Gigafactory at Bessemer Park in Sheffield.
The fit out of the 1GW (1,000MW) per annum Gigafactory at Bessemer Park has now reached ‘Practical Completion’ – the handover to the Company by the contractors of the completed building – having suffered only a minor delay from the Covid-19 pandemic. The completed fit out included an expansion of the existing offices, enlargement of the stack manufacturing and production areas and a dedicated ATEX rated space for factory acceptance testing of products, all coupled with the necessary 5MW power supply on site.
The Gigafactory also houses the 24 hour remote and technical monitoring centre that will support ITM Power’s after-sales service proposition, the Marketing centre, Technology centre and component stores. The site, just off J34 of the M1 in Sheffield will welcome visitors in the near future, with the creation of a conferencing facility, as well as a Hydrogen Academy to support the training of apprentices, local engineers and customers, together with facilities for site visits by customers, shareholders, investors and other stakeholders.
The ITM Power Gigafactory delivers a blueprint for a high capacity, semi-automated PEM electrolyser manufacturing facility, which can be readily replicated, enabling a local facility to be planned and rapidly deployed in response to large order volumes.
Notice of Half Year Results
The Company will announce its results for the six months to 31 October 2020 and provide updates on the Tender Opportunity Pipeline and Backlog on Thursday 28 January 2021. There will be an investor presentation on the day at 1400h GMT and those wishing to attend can register for the event at: https://www.investormeetcompany.com/itm-power-plc/register-investor
Graham Cooley, CEO, said: “We have made solid progress over the last few months in operations as we gear up for the step change in manufacturing volumes enabled by our move into the world’s largest electrolyser production facility. Designing the factory and the manufacturing processes, followed by the fit out, has been a two and half year journey, which has produced a blueprint for additional Gigafactories when justified by order volumes. We are pleased and proud to be in our new home.”