Energy Vault selects Plug Power to Supply 8 MW of Hydrogen Fuel Cells as part of hybrid microgrid back-up system for PG&E and the city of Calistoga
09 Junho 2023 - 11:03AM
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey
hydrogen solutions for the global green hydrogen economy, announced
it will discuss the new partnership and including software
collaboration with Energy Vault Holdings, Inc. at its analyst day
in Rochester on June 14th.
Energy Vault has designed and will integrate for the city
of Calistoga, a hybrid microgrid system that includes an 8 MW
(megawatts) hydrogen fuel cell stationary power for the first of
its kind hybrid microgrid (battery plus green hydrogen) that will
be used during times of wildfires and other emergencies. This will
be the largest planned hydrogen powered fuel cell installation
in the United States.
The California Public Utility
Commission (CPUC) requires that state utility grid
operators shut off power during severe weather to help prevent
wildfires. Energy Vault designed a carbon free solution combining a
small portion of short duration batteries to support black start
and grid forming requirements with green hydrogen-fed fuel cells
for 48 hour+ storage duration to eliminate the need for PG&E to
rent mobile diesel generators to provide backup power
in Calistoga during these Public Safety Power Shutoff (PSPS)
events. For the ultra-long duration need and multi-day discharge,
Energy Vault chose Plug’s PEM (proton exchange membrane) fuel cells
as it can offer cleaner, more operationally flexible, and more
cost-effective power to the microgrid. The power from the new
microgrid will be dispatched and optimized by Vault-OS, the
technology neutral energy management digital platform developed by
Energy Vault.
“Our agreement with Energy Vault marks a huge step forward for
hydrogen fuel cells in the microgrid market and represents the
future of utility power back-up,” said Andy
Marsh, CEO of Plug. “Green hydrogen is uniquely positioned
to solve the need for clean long-duration energy storage in at-risk
communities like Calistoga that are susceptible to power
interruptions. Energy Vault’s unique energy storage integration
platform, for short, long, and multi-day duration, has facilitated
the adoption of our hydrogen powered fuel cells and minimized the
overall cost of the microgrid, making possible the final approval
by the CPUC. We are excited to begin deeper collaboration with
Energy Vault with this first and largest utility scale energy
storage system using green hydrogen and fuel cells while leveraging
their Vault-OS digital platform to optimize the dispatch economics
of our fuel cells for our customers.”
“We are excited to partner with Plug Power, leader in the
hydrogen fuel cell industry, in the deployment of carbon free
solutions that have been accelerated in market adoption and
deployment through our digital integration platform”
said Marco Terruzzin, Chief Commercial and
Product Officer of Energy Vault. “Working closely with the city of
Calistoga stakeholders, PG&E and Plug Power we are delivering a
“best fit-least cost” solution for the growing Public Safety Power
Shutoff problem.”
Energy Vault previously announced it is building a community
microgrid for Pacific Gas and Electric Company (PG&E) to
provide Calistoga with a minimum of 293 megawatt-hours
(MWh) of dispatchable carbon-free energy during planned outages and
PSPS events. The microgrid will integrate a short duration battery
system with a long duration storage system of fuel cells and green
liquid hydrogen. Plug’s fuel cell technology will serve as the
microgrid’s stationary backup power generator.
The energy storage system will be owned, operated, and
maintained by Energy Vault while providing dispatchable power under
a long-term tolling agreement with PG&E. Plug will deliver 8 MW
of fuel cell power, made up of 40-foot ISO containers. The fuel
cells will be manufactured in the US, primarily at Plug’s
gigafactory in Rochester, New York, and assembled and tested
at Vista Technology Park, Plug’s world-class fuel cell
manufacturing facility in Slingerlands, New York. This
production approach will allow Energy Vault to take advantage of
the additional 10% ITC available under the IRA for American-made
content.
Construction of the energy storage system
in Calistoga is anticipated to begin in the fourth
quarter of 2023 with commercial operation expected by the second
quarter of 2024. For more information on Plug’s stationary power
fuel cell,
visit https://www.plugpower.com/learn-more-about-plugs-stationary-power-products/.
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 60,000 fuel cell systems and over 185 fueling
stations, more than anyone else in the world, and is the largest
buyer of liquid hydrogen. With plans to build and operate a green
hydrogen highway across North America and Europe,
Plug is building a state-of-the-art Gigafactory to produce
electrolyzers and fuel cells and multiple green hydrogen production
plants that will yield 500 tons of liquid green hydrogen daily by
2025. Plug will deliver 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 plan to
supply 8MW of hydrogen fuel cell stationary power, delivering clean
energy to the City of Calistoga, during times of wildfires and
other emergencies during Public Safety Power Shutoff events. This
being the largest planned hydrogen powered fuel cell installation
in the United States; Plug’s PEM fuel cells offering cleaner,
more operationally flexible and more cost-effective power to the
microgrid as compared to mobile diesel generators; Plug’s fuel cell
technology serving as PG&E’s community microgrid’s stationary
backup power generator; Energy Vault being able to take advantage
of the additional 10% ITC available under the IRA for American-made
content; Construction begins in the fourth quarter of 2023 with
commercial operation expected by the second quarter of 2024. 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, 2022 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 CONTACTCaitlin
CoffeeAllison+PartnersplugPR@allisonpr.com
Plug Power (NASDAQ:PLUG)
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