ITM Power has signed a 15-year lease on factory and office space at Sheffield’s Bessewmer Park.
The expansion will allow creation of a dedicated R&D and product validation centre which will include science laboratories and testing facilities for future technology developments, enabling use of the existing fabrication space at Bessemer Park more effectively for higher volume output.
ITM personnel operate from a number of different locations in Sheffield, and it is our intention to consolidate them all at Bessemer Park, at both its new and existing units.
The initial lease period is for 15 years, covering more than 83,000 sqft. Fitting out of the laboratories and validation areas will start towards the end of this year, and the firm will move in early in 2024.
Dennis Schulz said: “We are well on track on delivering against our 12-month plan laid out in January. One of our priorities was the need for ITM to strengthen product validation and to debottleneck factory space and product testing. Today’s announcement is not only a critically important step on our journey to scale up manufacturing, but it will also enable the focussed development of future technologies.”
