Plug Power Inc. - Experts & Thought Leaders

Plug Power Inc., a pioneer in comprehensive hydrogen solutions for the green hydrogen economy, will host its Analyst Day showcasing the accomplishments to date of its 15 ton per day (TPD) liquid green hydrogen plant in Camden County, Georgia. Plug will share how the Georgia plant strengthens Plug’s long-term position as the pioneer in green hydrogen production and supplier of electrolyzers. The day’s agenda will include a tour of the hydrogen plant. Lower capital expenditure The event will start with opening remarks by Andy Marsh, CEO of Plug. During the event, Sanjay Shrestha, EVP, GM of Energy Business and Plug’s Chief Strategy Officer, will discuss the benefits and the learnings to date from this plant. The plant was constructed in 12 months and has 40MW of Plug PEM electrolyzers. The insights Plug gained designing and constructing this plant are expected to result in design optimization The plant is grid-connected, which should ensure a steady supply of power that is critical for a liquid hydrogen plant. The insights Plug gained designing and constructing this plant are expected to result in design optimization and lower capital expenditure for the company’s other plants currently under construction. As the Georgia plant’s hydrogen production ramps up, it is anticipated to improve Plug’s fuel margin meaningfully from Q2 to Q4 2023. Electrolyzer manufacturing capacity "This is a momentous event. The construction of this plant brings together more than 40 years of expertise in electrolysis," says Andy Marsh. "This hydrogen plant reinforces Plug’s dominance in green hydrogen. Congratulations to the Plug team for yet another pioneering milestone." Sanjay Shrestha adds, “The valuable insights gained from our Georgia facility combined with our expanded electrolyzer manufacturing capacity gives Plug an unmatched competitive edge. Plug is excited to showcase the plant that will help ensure demand as customers expedite adoption of green hydrogen and decarbonize multiple different industries.”

Plug Power Inc., a global pioneer in comprehensive hydrogen solutions for the green hydrogen economy, has been selected to supply two 5-megawatt (MW) proton exchange membrane (PEM) electrolyzer systems for green hydrogen projects in Tasmania, Australia, under development by Countrywide Hydrogen Pty Ltd, a wholly-owned subsidiary of ReNu Energy Limited. electrolyzer systems Plug’s electrolyzer systems, which were selected by Countrywide Hydrogen, will be installed at planned production facilities in Brighton near Hobart and Western Junction near Launceston. The 4,200 kg/day of hydrogen produced at these two sites will be used to decarbonize road transport and natural gas sectors in Tasmania. green hydrogen projects Plug’s PEM electrolyzer systems are a perfect complement to the plant designs" “Plug is pleased to support Countrywide Hydrogen with its ambitious green hydrogen projects in the state of Tasmania,” said Plug CEO Andy Marsh. “The plants are strategically located to leverage existing infrastructure, and Plug’s PEM electrolyzer systems are a perfect complement to the plant designs.” renewable power The hydrogen will be produced via electrolysis with renewable power planned to be initially sourced from the state grid, with subsequent supply from behind-the-meter solar and power purchase agreements from wind, solar, and hydropower operators. The water will be supplied from TasWater’s network. storage system The design includes a second electrolyzer at each site to meet increased hydrogen demand. It ensures a secure supply by implementing electrolyzer redundancy and the use of tube trailers for hydrogen storage.  The storage system ensures that the sites can support one another in the event of unexpected outages. The sites will include connections to the TasGas network, allowing the injection of hydrogen into the network as well as supply to local industry.

Plug Power Inc., a pioneer 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. Offshore hydrogen production 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.” Supplying onshore customers The HOPE project will benefit from an ideal location, less than a mile from the coast 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. Optimizing technological solutions 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.