ITM Power has secured a £46.5 million government grant, cleared by Britain's competition authority, to build an automated electrolyser factory in Sheffield. Combined with a £40 million share placement from Great British Energy, the total financing package reaches £86.5 million. The UK company plans to produce its Chronos platform electrolysers at one gigawatt annual capacity by 2028. Alongside the funding, ITM Power published durability data with W. L. Gore & Associates addressing the hydrogen sector's credibility gap around long-term reliability under realistic operating conditions. ITM Power shares closed at €1.50, up 16.61% over the week but down 29.94% over 30 days. The stock has gained 106.06% year-to-date despite trading 42.01% below its 52-week high, reflecting investor scepticism around commercial delivery in the green hydrogen sector.

ITM Power shares plummeted 27% over seven sessions despite securing £86.5 million in UK government funding, with a 14% single-day crash on Friday to €1.70. The company received £40 million in equity investment for a 10.4% stake and £46.5 million in grants to automate its Sheffield factory and develop the Chronos electrolyser platform. The selloff occurred as stronger-than-expected US jobs data triggered rate hike fears, hitting growth stocks globally. Analyst opinions diverged sharply, with Goldman Sachs maintaining a 'Sell' rating and 63p target whilst Berenberg raised its target to 110p. Morgan Stanley set a 170p target, highlighting deep uncertainty over valuation. Technical unwinding from MSCI rebalancing accelerated losses. ITM Power also raised revenue guidance to £40-43 million and secured a partnership for a 15 MW Scottish hydrogen project.

ITM Power has secured £86.5 million in government funding for a new gigawatt-capacity automated production line in Sheffield, despite shares falling roughly 6% to 1.84 in recent sessions. Great British Energy is investing £40 million as a shareholder, whilst the Department for Energy Security and Net Zero is providing £46.5 million as a grant. The facility will manufacture ITM's next-generation Chronos electrolyser, designed to reduce production costs. Management has raised its cash guidance for the financial year ending April 2026 to £210 million–£215 million, up from £175 million previously. The company has secured a 20-megawatt project from an undisclosed client and partnered with Rheinmetall on the Giga-PtX initiative for synthetic fuel production across Europe. Analysts view the share price decline as consolidation following a rally that nearly doubled the stock since mid-April.