Plug Delivers and Commissions over 95 MW of Electrolyzer Capacity Globally
09 Julho 2024 - 8:00AM
Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, is proud to
announce that it has begun installing and commissioning
electrolyzer systems worldwide, with many already operational and
producing hydrogen today. To date over 95 MW of Plug electrolyzer
systems are in operation or commissioning at sites across the
world, setting a new PEM electrolyzer capacity milestone in the
hydrogen industry.
The location of these systems spans multiple
regions in North America, Europe, Africa, Asia, New Zealand and
India. Each electrolyzer deployment is managed and installed in
compliance with the diverse regulatory and compliance requirements
specific to each geography. The systems, ranging from one-megawatt
(MW) to 40 MW in capacity, are operating at external customer sites
that have purchased Plug’s PEM electrolyzers. Since installation,
Plug’s electrolyzers have collectively produced over 1,500 metric
tons of hydrogen.
While the Company’s Georgia hydrogen plant is
currently the largest operating PEM electrolyzer system in the
world, the external customer sites installation makes Plug one of
the largest PEM electrolyzer Original Equipment Manufacturer (OEM)
installed base in the world.
"This milestone represents a significant
achievement for Plug, underscoring our leadership in delivering
proven technology to meet the growing demand for hydrogen
worldwide,” said Plug CEO, Andy Marsh. “Deploying electrolyzer
systems across multiple continents and producing over 1,500 metric
tons of hydrogen, is a clear example that at Plug, we’re not just
talking about the future of hydrogen – we’re actively building it
today."
The hydrogen produced via Plug electrolyzers at
these locations will contribute to several initiatives, such as
developing a green hydrogen refueling network, powering green
hydrogen charging stations for fleet vehicles, supporting mobility
applications like hydrogen fuel cell-powered forklifts and light
commercial vehicles, replacing methane-fired furnaces in the
production process and more.
Plug is also on schedule to ship and begin
commissioning 37 additional units, which is expected to increase
capacity by 40 metric tons per day of hydrogen in the second half
of this year. As more systems around the world come online and
operate at full capacity, like the recently announced 25MW
electrolyzer for the European market, Plug’s electrolyzer systems
will produce 93 metric tons of hydrogen per day.
To learn more about our global electrolyzer
deployments, check out our blog post:
https://www.plugpower.com/plug-doing-real-things-global-electrolyzer-customer-deployments-roundup/
About Plug
Plug is building an end-to-end green hydrogen
ecosystem, from production, storage, and delivery to energy
generation, to help its customers meet their business goals and
decarbonize the economy. In creating the first commercially viable
market for hydrogen fuel cell technology, the company has deployed
more than 69,000 fuel cell systems and over 250 fueling stations,
more than anyone else in the world, and is the largest buyer of
liquid hydrogen.
With plans to operate a green hydrogen highway
across North America and Europe, Plug built a state-of-the-art
Gigafactory to produce electrolyzers and fuel cells and is
developing multiple green hydrogen production plants targeting
commercial operation by year-end 2028. Plug delivers its green
hydrogen solutions directly to its customers and through joint
venture partners into multiple environments, including material
handling, e-mobility, power generation, and industrial
applications.
For more information, visit
www.plugpower.com.
Plug Power Safe Harbor
Statement
This communication contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve significant risks and uncertainties
about Plug Power Inc. (“Plug”), including but not limited to
statements about: Plug’s expectations with respect to delivery and
commissioning of its electrolyzer systems, including remaining
sites in 2024 and their contributions to initiatives; the timing of
shipping and beginning commissioning of 37 additional electrolyzer
units and Plug’s expectation that such units will increase capacity
by 40 metric tons per day of hydrogen in the second half of this
year; and Plug’s expectation that it will produce up to 93 metric
tons of hydrogen per day. Such statements are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in these statements. For a
further description of the risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Plug in general, see Plug’s public filings with the
Securities and Exchange Commission (the “SEC”), including the “Risk
Factors” section of Plug’s Annual Report on Form 10-K for the year
ended December 31, 2023, Plug’s Quarterly Report on Form 10-Q for
the quarter ended March 31, 2024 and any subsequent filings with
the SEC. Readers are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements are made
as of the date hereof, and Plug undertakes no obligation to update
such statements as a result of new information.
MEDIA CONTACT
Fatimah Nouilati AllisonplugPR@allisonpr.com
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/19050d90-6ed1-48ba-829e-f306efa708a1
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