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Energy storage and clean fuel company ITM Power said it had agreed to lease new premises in Sheffield for its global manufacturing headquarters.
The company wold lease a new build development of 134,000 square feet at PLP Bessemer Park.
The facility would have an electrolyser manufacturing capacity of up to one gigwatt per annum, which the company said would be the largest in the world.
The agreement committed ITM Power and facility developer PLP to enter into a lease at completion of the building, expected in the fourth quarter of 2019.
ITM Power said it expected to occupy the building from March 2020 and complete its own technical and industrial fit-out and transition the majority of its operations there by summer 2020.
'The requirement to expand ITM Power's production capacity has been led by the continued growth in the company's order pipeline,' it said.
'The new headquarters will see ITM Power co-locate into a single building and gain access to a five-fold increase in production space.'
'Key to the selection of the building was the proximity of the grid connection to provide the substantial power supply required for ITM Power's needs, using existing infrastructure near to the location.'
'ITM Power has been able to take advantage of a new build development in construction that will meet its needs for capacity and production at speed.'
'The new development will include capacity for 140 office-based staff and will accommodate a large production and after sales support workforce.'
'It has the advantage of excellent public transport connections in addition to substantial parking facilities for staff and visitors.'
At 8:18am: (LON:ITM) ITM Power PLC share price was +1.55p at 35.95p