Plug Power Unveils Largest Liquid Green Hydrogen Plant in the U.S.

Plug Power Inc. (NASDAQ: PLUG), a global leader in hydrogen solutions for the green hydrogen economy, has achieved a significant milestone by commencing operations at the largest liquid green hydrogen plant in the U.S. This remarkable achievement underscores Plug Power’s commitment to advancing the green hydrogen ecosystem and providing sustainable fuel solutions to customers across various industries.

A Landmark Achievement

The newly operational facility, located in Woodbine, Georgia, represents a remarkable feat in the hydrogen industry. It is the largest electrolytic liquid hydrogen production plant and features the largest PEM (Proton Exchange Membrane) electrolyzer deployment in the United States. This plant serves as a testament to Plug Power’s dedication to developing a vertically integrated hydrogen ecosystem and showcases the reliability of its electrolyzer technology.

Impressive Production Capacity

The Woodbine plant is designed to produce an impressive 15 tons per day (TPD) of liquid electrolytic hydrogen. This quantity of hydrogen is sufficient to power approximately 15,000 forklifts each day. The production process involves the use of eight 5-megawatt (MW) PEM electrolyzers to separate water into hydrogen and oxygen. The resulting hydrogen gas is condensed into liquid form at an extremely low temperature of -423°F (-253°C) and subsequently delivered to customers’ hydrogen fueling stations via Plug Power’s logistics network, which utilizes advanced cryogenic trailers.

Enhancing Hydrogen Supply

The operation of this liquid green hydrogen production plant is a significant addition to Plug Power’s capabilities. It complements the existing supply of liquid hydrogen that Plug provides to pedestal customers engaged in material handling operations, fuel cell electric vehicle fleets, and stationary power applications. This expansion into liquid hydrogen production is expected to positively impact Plug Power’s financial performance and contribute to the further expansion of its fuel margin.

Building a Vertically Integrated Hydrogen Ecosystem

The integration of the liquid green hydrogen plant with Plug Power’s existing electrolyzer, fuel cell, and cryogenic equipment manufacturing facilities aligns with the company’s vision of creating a fully vertically integrated green hydrogen ecosystem. This ecosystem aims to offer a comprehensive solution for the production, liquefaction, storage, and transportation of hydrogen. By expanding its global hydrogen network, Plug Power enables customers from various industries to seamlessly incorporate hydrogen into their operations.

Meeting Growing Demand for Green Hydrogen

The demand for green hydrogen has been steadily increasing, particularly as industries seek low-carbon energy sources for applications that are challenging to decarbonize. Sectors such as heavy-duty transportation, heavy manufacturing (including steel, cement, aluminum, and chemicals), stationary power generation, and aviation have all shown a growing interest in green hydrogen. Furthermore, supportive hydrogen policies in Europe and the U.S. have enhanced the economic attractiveness of green hydrogen solutions.

Achieving Rapid Development

Plug Power’s achievement in completing the Woodbine plant is noteworthy not only for its scale but also for its speed. The company accomplished the construction of the plant within a mere 18 months, which is more than twice as fast as the industry-standard three-year timeline for hydrogen plant projects. The strategic location of the plant near major highways, including I-95 and I-10, ensures easy access to commercial and industrial hubs, benefiting Plug’s pedestal customers nationwide.

A History of Innovation

Plug Power’s commitment to advancing the hydrogen ecosystem is further exemplified by its pilot gaseous hydrogen plant in Georgia, which has been operational for over a year. This facility utilizes Plug’s 5MW electrolyzer platform to support high-pressure tube trailer filling for Plug Power and other customers. Additionally, Plug Power is actively engaged in developing other hydrogen plants in various U.S. locations, including Louisiana, New York, and Texas.

In conclusion, Plug Power’s successful launch of the largest liquid green hydrogen plant in the U.S. marks a significant milestone in the company’s journey to revolutionize the hydrogen industry. This achievement demonstrates Plug Power’s leadership in building a sustainable and integrated hydrogen ecosystem to meet the evolving energy needs of diverse industries while contributing to a greener future.