12.07.2023 02:00:06 - dpa-AFX: GNW-Adhoc: Plug Power to Supply Two 5 MW PEM Electrolyzers for Australian Green Hydrogen Projects
LATHAM, N.Y., July 11, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc.
(https://www.plugpower.com/) (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, has been selected to supply
two 5-megawatt (MW) proton exchange membrane (PEM) electrolyzer systems for
green hydrogen projects in Tasmania, Australia, under development by Countrywide
Hydrogen Pty Ltd, a wholly-owned subsidiary of ReNu Energy Limited (ReNu Energy)
(ASX:RNE).
Plug's electrolyzer systems, which were selected by Countrywide Hydrogen, will
be installed at planned production facilities in Brighton near Hobart and
Western Junction near Launceston. The 4,200 kg/day of hydrogen produced at these
two sites will be used to decarbonize road transport and natural gas sectors in
Tasmania.
"Plug is pleased to support Countrywide Hydrogen with its ambitious green
hydrogen projects in the state of Tasmania," said Plug CEO Andy Marsh. "The
plants are strategically located to leverage existing infrastructure, and Plug's
PEM electrolyzer systems are a perfect complement to the plant designs."
The hydrogen will be produced via electrolysis with renewable power planned to
be initially sourced from the state grid, with subsequent supply from behind-
the-meter solar and power purchase agreements from wind, solar and hydropower
operators. The water will be supplied from TasWater's network.
The design includes a second electrolyzer at each site to meet increased
hydrogen demand. It ensures a secure supply by implementing electrolyzer
redundancy and use of tube trailers for hydrogen storage. The storage system
ensures that the sites can support one another in the event of unexpected
outages. The sites will include connections to the TasGas network, allowing
injection of hydrogen into the network as well as supply to local industry.
About Plug
Plug 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 commissioning multiple green hydrogen production plants that will
yield 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 (http://www.plugpower.com/).
Plug Power Safe Harbor Statement
This 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 electrolyzer systems being installed at
planned production facilities in Brighton near Hobart and Western Junction near
Launceston; Plug's electrolyzer systems being able to produce a combined
4,200kg/day of hydrogen between the two sites; the intended use to decarbonize
road transport and natural gas sectors in Tasmania; The planned renewable power
to be sourced from the state grid, and subsequent supply from behind-the-meter
solar and power purchase agreements from wind, solar, and hydropower operators.
Water being supplied from TasWater's network; The proposed design to include a
second electrolyzer at each site to implement electrolyzer redundancy, with
proposed use of tube trailers for hydrogen storage; The proposed connections to
the TasGas network, allowing injection of hydrogen into the network as well as
supply to local industry; Plug's plans to build and operate a green hydrogen
highway across North America and Europe, 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
Allison+Partners
plugPR@allisonpr.com (mailto:plugPR@allisonpr.com)
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