Will RNS drop tomorrow 7am28 Jun 2026 09:37
The Subsidy Advice Unit (SAU) reviewed and evaluated DESNZ's proposed £86.5 million equity and grant package to Sheffield-based electrolyser manufacturer ITM Power UK Ltd. The SAU published its final advice on the compliance of this subsidy, after which DESNZ proceeded with the award.The support package finalized earlier in 2026 consists of two components:£40 million equity investment from Great British Energy (GBE)£46.5 million capital grant directly from DESNZ