Plug Cryogenic Trailers Leave Tennessee Hydrogen Production Plant for Customer Deliveries
08 2월 2024 - 9:00PM
Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, announces that
Plug cryogenic trailers filled with liquid hydrogen are being
deployed from its recently commissioned Tennessee hydrogen
production plant for customer deliveries. The achievement comes two
days following the official commencement of operations at the
Charleston, TN production plant and is already servicing east coast
pedestal customers, including Walmart, Home Depot and others.
The Tennessee plant adds about ten tons per day (TPD) of liquid
hydrogen supply back onto the U.S. market, servicing Plug customers
in material handling operations, fuel cell electric vehicle fleets,
and stationary power applications. Plug also implemented design
improvements in Tennessee to enhance overall plant efficiency and
bring down the average cost of delivered hydrogen, impacting Plug’s
fuel cost margins. With this, Plug can now provide about 50% of our
customers’ requirements from these two facilities alone.
Plug has been active in commissioning its network of hydrogen
plants in 2024. In addition to the 10 TPD plant in Tennessee, Plug
began production of liquid green hydrogen at its Georgia plant on
January 23, 2024. At 15 TPD, this is the largest liquid green
hydrogen plant in the U.S. market, and largest PEM electrolyzer
deployment operating in the United States (US). Between Georgia and
Tennessee, Plug now has about 25 tons per day of liquid hydrogen
production capacity, further enhancing the overall generation
network in the US.
“Plug is deploying hydrogen production plants at a pace and
scale unmatched by others in our sector,” said Andy Marsh, CEO of
Plug Power. “Unlike anyone else in the industry, Plug’s energy
business spans cryogenic equipment, liquefaction, hydrogen and
electrolyzers. Proving the viability of these solutions, a goal
previously only within the reach of traditional industrial gas
companies, signals a new era for the hydrogen industry, led by
Plug.”
The Company’s advanced cryogenic and liquefaction capabilities
are integral to its operations, allowing the green hydrogen to be
safely and efficiently transported to customers. Plug’s liquid
hydrogen tankers can transport up to 80,000 pounds per maximum
gross vehicle weight. It takes approximately eight gas tube
trailers to deliver the same amount of gaseous hydrogen as one
liquid hydrogen tanker.
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 operate a green hydrogen highway across North
America and Europe, Plug built a state-of-the-art Gigafactory to
produce electrolyzers and fuel cells and is developing multiple
green hydrogen production plants targeting commercial operation by
year-end 2028. Plug delivers 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:
Plug’s implemented design improvements in Tennessee enhancing
overall plant efficiency and bringing down the average cost of
delivered hydrogen, impacting Plug’s fuel cost margins; Plug’s
approximately 25 tons per day of liquid hydrogen production
capacity, enhancing the overall generation network in the United
States; Plug’s substantial work on building US plants, in New York
and Texas, as well as Europe, in Finland and Belgium; Plug’s
development of multiple green hydrogen production plants targeting
commercial operation by year-end 2028. 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 MonroeAllison+PartnersplugPR@allisonworldwide.com
Plug Power (NASDAQ:PLUG)
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