LATHAM, N.Y. – Might 22, 2023 – (Investorideas.com Newswire) Plug Energy Inc. (NASDAQ: PLUG), a number one supplier of turnkey hydrogen answers for the worldwide inexperienced hydrogen economic system, landed 3 5 megawatt (MW) electrolyzer initiatives with Ardagh Glass Limmared AB, Hydro Havrand, and the APEX Team for the first-ever use of industrial-scale inexperienced hydrogen in glass production, aluminum recycling, and metal production processes. Plug is the one corporate providing 5MW containerized PEM electrolyzers nowadays. The standardized turnkey gadget, with a manufacturing capability of greater than two heaps in line with day, reduces web page building prices and implementation complexity.
Inexperienced Glass Production:
Situated east of Gothenburg, Sweden, Ardagh Glass Limmared AB is the one glass packaging manufacturer within the Nordics and a provider to Sweden’s hottest spirits corporate. Devoted to sustainable packaging answers, Ardagh will produce 2.1 metric heaps in line with day (TPD) of inexperienced hydrogen by way of the tip of the 12 months, changing a portion of the herbal fuel used nowadays whilst decreasing total carbon emissions on the plant. Ardagh will use hydroelectric energy to generate hydrogen from Plug’s electrolyzer.
Hydro Havrand, a brand new unit of aluminum large Norsk Hydro ASA, is on a venture to decarbonize heavy business with inexperienced hydrogen. To construct a close-loop round economic system for its aluminum recycling plant in Hoyanger, Norway, Hydro will make use of a 5MW Plug electrolyzer module by way of June 2024. The electrolyzer will displace herbal fuel used within the plant’s burner with 2.1 metric TPD of inexperienced hydrogen. Norsk Hydro, the mummy corporate, has deep experience in electrolysis relationship again to the Nineteen Fifties.
Inexperienced Metal Production:
In Bremen, Germany, Plug and its relied on spouse APEX Team, an integrator with sturdy undertaking execution experience, will exhibit for the 1st time the feasibility of manufacturing inexperienced metal throughout the decarbonization of ArcelorMittal’s native blast furnaces. Plug will ship two 5MW electrolyzer modules with a capability to supply 4.2 metric TPD of inexperienced hydrogen to SWB, the town’s public application corporate, by way of the tip of this 12 months. The long-term purpose is complete decarbonization of the metal business in northern Germany and the remainder of Europe.
Through 2030, the Eu Union plans to supply 10 million metric heaps of inexperienced hydrogen in line with 12 months to decarbonize Eu industries and the mobility sector. The deployment of Plug’s electrolyzers will give a contribution to this decarbonization roadmap.
“Plug is breaking new flooring with this collection of business firsts that validate our imaginative and prescient to scale the golf green hydrogen economic system,” mentioned Plug CEO Andy Marsh. “We had been daring sufficient to design and construct the business’s first 5MW electrolyzer module, and shoppers are actually clambering for its holistic, compact, easy-to-install options.”
In April of 2023, Plug introduced report manufacturing of its PEM electrolyzer stacks in Q1 2023, production 122MW stacks and delivery just about 1,000 stacks totaling 5.7 MW for strong point packages. For more info about Plug’s electrolyzer product line, consult with https://www.plugpower.com/learn-more-about-plugs-electrolyzer-products/.
Plug is construction an end-to-end inexperienced hydrogen ecosystem, from manufacturing, garage and supply to power era, to lend a hand its shoppers meet their industry objectives and decarbonize the economic system. In developing the 1st commercially viable marketplace for hydrogen gasoline mobile generation, the corporate has deployed greater than 60,000 gasoline mobile methods and over 185 fueling stations, greater than any person else on the planet, and is the most important purchaser of liquid hydrogen. With plans to construct and function a inexperienced hydrogen freeway throughout North The us and Europe, Plug is construction a state of the art Gigafactory to supply electrolyzers and gasoline cells and more than one inexperienced hydrogen manufacturing crops that may yield 500 heaps of liquid inexperienced hydrogen day-to-day by way of 2025. Plug will ship its inexperienced hydrogen answers immediately to its shoppers and thru three way partnership companions into more than one environments, together with subject matter dealing with, e-mobility, energy era, and business packages. For more info, consult with www.plugpower.com.
Plug Secure Harbor Observation
This verbal exchange accommodates “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995 that contain important dangers and uncertainties about Plug Energy Inc. (“PLUG”), together with however now not restricted to statements about: Ardagh Glass Limmared AB’s electrolyzer generating 2.1 TPD of inexperienced hydrogen by way of the tip of 2023, generated from hydroelectric energy, to exchange a portion of the herbal fuel utilized in Ardagh’s burner, decreasing total carbon emissions on the plant; Hydro Havrand’s 5 MW Plug electrolyzer module operating by way of June 2024, displacing herbal fuel used within the plant’s burner with 2.1 metric TPD of inexperienced hydrogen; APEX Team demonstrating, for the 1st time, the feasibility of manufacturing inexperienced metal throughout the decarbonization of ArcelorMittal’s native blast furnaces. Plug’s plan to ship two 5 MW electrolyzer modules with a capability to supply 4.2 metric TPD of inexperienced hydrogen to SWB, the town of Bremen’s public application corporate, by way of the tip of 2023 and the long-term purpose of complete decarbonization of the metal business in northern Germany and the remainder of Europe. The deployment of Plug’s electrolyzers contributing to the Eu Union’s decarbonization roadmap for 2030. Such statements are matter to dangers and uncertainties that would purpose exact efficiency or effects to fluctuate materially from the ones expressed in those statements. For an additional description of the dangers and uncertainties that would purpose exact effects to fluctuate from the ones expressed in those forward-looking statements, in addition to dangers with regards to the industry of PLUG typically, see PLUG’s public filings with the Securities and Alternate Fee (the “SEC”), together with the “Possibility Elements” phase of PLUG’s Annual Document on Shape 10-Ok for the 12 months ended December 31, 2022 and any next filings with the SEC. Readers are cautioned to not position undue reliance on those forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no legal responsibility to replace such statements on account of new knowledge.
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