LATHAM, N.Y. – Might 22, 2023 – (Investorideas.com Newswire) Plug Energy Inc. (NASDAQ: PLUG), a number one supplier of turnkey hydrogen options for the worldwide inexperienced hydrogen financial system, landed three 5 megawatt (MW) electrolyzer tasks with Ardagh Glass Limmared AB, Hydro Havrand, and the APEX Group for the first-ever use of industrial-scale inexperienced hydrogen in glass manufacturing, aluminum recycling, and metal manufacturing processes. Plug is the one firm providing 5MW containerized PEM electrolyzers at the moment. The standardized turnkey system, with a manufacturing capability of greater than two tons per day, reduces web site building prices and implementation complexity.
Inexperienced Glass Manufacturing:
Situated east of Gothenburg, Sweden, Ardagh Glass Limmared AB is the one glass packaging producer within the Nordics and a provider to Sweden’s hottest spirits firm. Devoted to sustainable packaging options, Ardagh will produce 2.1 metric tons per day (TPD) of inexperienced hydrogen by the tip of the 12 months, changing a portion of the pure fuel used at the moment whereas lowering general carbon emissions on the plant. Ardagh will use hydroelectric energy to generate hydrogen from Plug’s electrolyzer.
Aluminum Recycling:
Hydro Havrand, a brand new unit of aluminum large Norsk Hydro ASA, is on a mission to decarbonize heavy business with inexperienced hydrogen. To construct a close-loop round financial system for its aluminum recycling plant in Hoyanger, Norway, Hydro will make use of a 5MW Plug electrolyzer module by June 2024. The electrolyzer will displace pure fuel used within the plant’s burner with 2.1 metric TPD of inexperienced hydrogen. Norsk Hydro, the mom firm, has deep experience in electrolysis courting again to the Fifties.
Inexperienced Metal Manufacturing:
In Bremen, Germany, Plug and its trusted companion APEX Group, an integrator with robust undertaking execution experience, will exhibit for the primary time the feasibility of manufacturing inexperienced metal via the decarbonization of ArcelorMittal’s native blast furnaces. Plug will ship two 5MW electrolyzer modules with a capability to provide 4.2 metric TPD of inexperienced hydrogen to SWB, the town’s public utility firm, by the tip of this 12 months. The long-term purpose is full decarbonization of the metal business in northern Germany and the remainder of Europe.
By 2030, the European Union plans to provide 10 million metric tons of inexperienced hydrogen per 12 months to decarbonize European industries and the mobility sector. The deployment of Plug’s electrolyzers will contribute to this decarbonization roadmap.
“Plug is breaking new floor with this sequence of business firsts that validate our imaginative and prescient to scale the inexperienced hydrogen financial system,” stated Plug CEO Andy Marsh. “We had been daring sufficient to design and construct the business’s first 5MW electrolyzer module, and clients at the moment are 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, manufacturing 122MW stacks and delivery practically 1,000 stacks totaling 5.7 MW for specialty functions. For extra details about Plug’s electrolyzer product line, go to https://www.plugpower.com/learn-more-about-plugs-electrolyzer-products/.
About Plug
Plug is constructing an end-to-end inexperienced hydrogen ecosystem, from manufacturing, storage and supply to vitality technology, to assist its clients meet their enterprise objectives and decarbonize the financial system. In creating the primary commercially viable marketplace for hydrogen gasoline cell expertise, the corporate has deployed greater than 60,000 gasoline cell methods and over 185 fueling stations, greater than anybody else on this planet, and is the most important purchaser of liquid hydrogen. With plans to construct and function a inexperienced hydrogen freeway throughout North America and Europe, Plug is constructing a state-of-the-art Gigafactory to provide electrolyzers and gasoline cells and a number of inexperienced hydrogen manufacturing crops that may yield 500 tons of liquid inexperienced hydrogen day by day by 2025. Plug will ship its inexperienced hydrogen options on to its clients and thru three way partnership companions into a number of environments, together with materials dealing with, e-mobility, energy technology, and industrial functions. For extra data, go to www.plugpower.com.
Plug Secure Harbor Assertion
This communication incorporates “forward-looking statements” inside the that means of the Personal Securities Litigation Reform Act of 1995 that contain vital dangers and uncertainties about Plug Energy Inc. (“PLUG”), together with however not restricted to statements about: Ardagh Glass Limmared AB’s electrolyzer producing 2.1 TPD of inexperienced hydrogen by the tip of 2023, generated from hydroelectric energy, to interchange a portion of the pure fuel utilized in Ardagh’s burner, lowering general carbon emissions on the plant; Hydro Havrand’s 5 MW Plug electrolyzer module working by June 2024, displacing pure fuel used within the plant’s burner with 2.1 metric TPD of inexperienced hydrogen; APEX Group demonstrating, for the primary time, the feasibility of manufacturing inexperienced metal via the decarbonization of ArcelorMittal’s native blast furnaces. Plug’s plan to ship two 5 MW electrolyzer modules with a capability to provide 4.2 metric TPD of inexperienced hydrogen to SWB, the town of Bremen’s public utility firm, by the tip of 2023 and the long-term purpose of full decarbonization of the metal business in northern Germany and the remainder of Europe. The deployment of Plug’s electrolyzers contributing to the European Union’s decarbonization roadmap for 2030. Such statements are topic to dangers and uncertainties that might trigger precise efficiency or outcomes to vary materially from these expressed in these statements. For an additional description of the dangers and uncertainties that might trigger precise outcomes to vary from these expressed in these forward-looking statements, in addition to dangers referring to the enterprise of PLUG usually, see PLUG’s public filings with the Securities and Alternate Fee (the “SEC”), together with the “Danger Elements” part of PLUG’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2022 and any subsequent filings with the SEC. Readers are cautioned to not 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 replace such statements because of new data.
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