Plug Power to Design and Deliver 10MW PEM Electrolyzer to HOPE Project
27 Junho 2023 - 8:00AM
Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, is part of a
consortium of companies that received a $21.8 million dollar grant
from the European Commission to build an offshore hydrogen
production plant. As a member of the nine-company consortium HOPE
(Hydrogen Offshore Production Europe), Plug will design and deliver
a 10-megawatt (MW) proton exchange membrane (PEM) electrolyzer
system to the site in the North Sea, off the port of Ostend,
Belgium. This 10MW offshore hydrogen project aims to prove the
commercial sustainability of renewable offshore hydrogen
production, with the end goal to enable the deployment of
commercial large-scale solutions.
The HOPE project will produce up to four tons a
day of green hydrogen at sea, which will be transported to shore by
pipeline, compressed and delivered to customers for mobility needs
and small industries in Belgium, northern France, and southern
Netherlands, within less than a 200-mile radius. HOPE is the first
offshore project of this size in the world to begin actual
implementation, with the production unit and export and
distribution infrastructure due to come online in mid-2026.
“We are grateful for the European Commission’s
support to demonstrate the viability of offshore green hydrogen
production at scale,” said Andy Marsh, Plug’s CEO. “Once
successfully demonstrated, we anticipate private sector investments
in offshore hydrogen production will accelerate.”
The HOPE project will benefit from an ideal
location, less than a mile from the coast, in the offshore testing
area near the port of Ostend, Belgium, which aims to be a key link
in the hydrogen supply chain in Belgium. The production site will
be powered by electricity supplied under PPA (power purchase
agreement) contracts that guarantee its renewable origin. The water
used for electrolysis will be pumped from the North Sea,
desalinated, and purified.
The consortium aims to pave the way for the
deployment of large-scale offshore production of renewable
hydrogen. The HOPE project will develop, build, and operate this
production unit to demonstrate the technical and financial
viability of a large-scale offshore hydrogen project with pipeline
transport for supplying onshore customers.
The grant, covering a period of five years, will
be used to finance the design phases, the supply of equipment and
the construction work, as well as research, development and
innovation work focusing on optimizing technological solutions and
the operation of this type of infrastructure. The techno-economic
analysis of large-scale offshore renewable hydrogen production
solutions will be part of the grant.
In 2022, Plug and Lhyfe pioneered the
proof-of-concept for the world’s first floating offshore hydrogen
production plant, Sealhyfe.
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 180 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 operating a
state-of-the-art Gigafactory to produce electrolyzers and fuel
cells, and is commissioning multiple green hydrogen production
plants that will yield 500 tons of liquid green hydrogen daily by
year end 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: The expectation that the HOPE project
will produce up to four tons a day of green hydrogen at sea, to be
transported to shore by pipeline, compressed and delivered to
customers for mobility needs and small industries in Belgium,
northern France, and southern Netherlands, within less than a
200-mile radius. HOPE being the first offshore project of this size
in the world to begin actual implementation, with the expected
production unit and export and distribution infrastructure due to
come online in mid-2026. The guaranteed renewable origin of the
electricity supplied under a power purchase agreement; The water
used for electrolysis being pumped from the North Sea, desalinated
and purified; Expectations that this project will demonstrate the
technical and financial viability of a large-scale offshore
hydrogen project with pipeline transport for supplying onshore
customers. Plug’s operating a state-of-the-art Gigafactory to
produce electrolyzers and fuel cells, and its plan to be
commissioning multiple green hydrogen production plants that will
yield 500 tons of liquid green hydrogen daily by year end 2025.
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 CONTACT
Kristin Monroe Allison+PartnersplugPR@allisonpr.com
Plug Power (NASDAQ:PLUG)
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