ITM Power Plc announced that the Rt Hon Kwasi Kwarteng, Secretary of State for Business, Energy and the Environment launched the UK Government's Hydrogen Strategy at an event to officially open ITM Power's new factory at Bessemer Park in Sheffield. ITM Power's Gigafactory, with a capacity of 1,000MW (1GW) of electrolysis equipment per annum, commenced operation in January this year. The site already employs some 320 people with further staff additions planned as the facility ramps up to capacity. The Company manufactures electrolysers which split water into its constituent molecules of hydrogen and oxygen using renewable power. The resultant zero-carbon green hydrogen can then be used to decarbonise industrial processes, transport and heating and will play a major role in the world's efforts to arrest climate change.