The agreement is for ITM Power to lease a new build development of 134,000 sq ft in Sheffield. The manufacturing facility will have an electrolyser manufacturing capacity of up to 1GW (1,000MW) per annum, the largest in the world. PLP Bessemer Park is being developed by PLP. The Agreement commits ITM Power and PLP to enter into a lease at completion of the building, expected in Q4 2019.
PLP Bessemer Park is a new, 50-acre development at a strategic location next to junction 34 of the M1 and in close proximity to the company’s existing facilities. ITM Power expects to occupy the building from March 2020 and complete its own technical and industrial fit out and transition the majority of its operations into PLP Bessemer Park 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. 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.
