Plug Power Joins U.S. Senators Joe Manchin and Shelley Moore Capito to Commemorate Winning Appalachian Regional Clean Hydrogen Hub (ARCH2)
17 10월 2023 - 3:06AM
Today, Plug Power Inc. (NASDAQ: PLUG) CEO Andy Marsh joins several
U.S. government officials and West Virginia stakeholders to
commemorate the Department of Energy’s selection of the Appalachian
Regional Clean Hydrogen Hub (ARCH2) for the Regional Clean Hydrogen
Hubs program enacted under the bi-partisan infrastructure law. The
ARCH2 Hub includes the states of West Virginia, Ohio, Pennsylvania,
and Kentucky, as well as prime applicants Allegheny Science &
Technology, Battelle, EQT Corporation, and GTI Energy. Plug will
play a substantial role in ARCH2 Hub, serving as a project partner,
vendor, and provider of essential services throughout the hydrogen
value chain.
The commemoration of the winning ARCH2 Hub is being held at a
press conference today in Morgantown, WV at the National Energy
Technology Laboratory, with U.S. Sens. Joe Manchin and Shelley
Moore Capito, U.S. Secretary of Energy Jennifer Granholm, U.S.
Department of Energy Under Secretary for Infrastructure David
Crane, White House Coordinator for the Infrastructure Investment
and Jobs Act Mitchell Landrieu, Marshall University President Brad
Smith, West Virginia University President Gordon Gee, Monongalia
County Commissioner Tom Bloom, EQT CEO Toby Rice, and Battelle CEO
Lou Von Thaer.
“The federal hydrogen hub program can accelerate the clean
hydrogen economy and the development of the hydrogen infrastructure
to support our nation’s clean energy future,” says Plug CEO Andy
Marsh. “Hydrogen hub funding, coupled with pragmatic implementation
of the Inflation Reduction Act’s Clean Hydrogen Production Tax
Credit, can solidify the United States’ climate leadership,
accelerate the national clean hydrogen economy, and build upon
Plug’s ongoing deployment of end-to-end green hydrogen solutions
across the country. We thank Sen. Joe Manchin, Sen. Shelley Moore
Capito, and WV Governor Jim Justice for providing instrumental
leadership and championing the ARCH2 Hub. Plug is grateful for the
Department of Energy's selection of this consortium and for the
Appalachian region’s efforts in developing one of the nation’s
foremost hubs for hydrogen solutions.”
The Regional Clean Hydrogen Hub program aims to facilitate the
development of a national clean hydrogen network of hydrogen
producers, consumers, and connective infrastructure. ARCH2 aims to
create more than 21,000 jobs, including more than 18,000 in
construction and 3,000 permanent jobs in the Appalachian
region.
About PlugPlug 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 developing multiple green hydrogen production plants
targeting 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 StatementThis
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
role Plug may play in the ARCH2 Hub, serving as project partner,
vendor, and provider of essential services. The federal hydrogen
hub program accelerating the clean hydrogen economy and the
development of the hydrogen infrastructure. The Regional Clean
Hydrogen Hub program intent to facilitate the development of a
national clean hydrogen network of hydrogen producers, consumers,
and connective infrastructure. ARCH2’s projected plan to create
more than 21,000 jobs, including more than 18,000 in construction
and 3,000 permanent jobs in the Appalachian region. Plug’s
involvement helping to build upon Plug’s ongoing deployment of
end-to-end green hydrogen solutions across the country. Plug
commissioning multiple green hydrogen production plants that may
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 AllisonplugPR@allisonworldwide.com
Plug Power (NASDAQ:PLUG)
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