ITM Power has become the latest company to complete the opening of a Gigafactory, with a new plant entering operation this week at Bessemer Park in Sheffield, UK. Rather than for batteries, where Gigafactories are starting to become commonplace, ITM Power will be the first to do this for electrolyzers in the green hydrogen sector. This early expansion in production capacity will be key to driving the company’s leading position in the sector, and the overall reduction of the technology’s cost. With the ability to produce PEM electrolyzers with a combined capacity of 1 GW per year, the company now looks set to lead the UK push to become a global leader in green hydrogen technology, while rebuilding bridges with…