Plug Power Inc. (NASDAQ:PLUG) has secured a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyzer capacity for AGA’s green hydrogen-to-ammonia plant in Australia.
To support the plant, AGA plans to construct a 4.5 GW solar facility that will power Plug’s electrolyzers with clean, zero-emission energy, producing green hydrogen for green ammonia.
With the agreement finalized, Plug will develop a Basic Engineering and Design Package (BEDP) detailing critical technical and engineering specifications to attract investors and secure financing.
Upon a positive Final Investment Decision, expected by the second quarter of 2025, Plug aims to start manufacturing and delivering Proton Exchange Membrane electrolyzers in the first quarter of 2027.
AGA’s project, one of the largest green ammonia facilities globally, is designed to produce 2,700 metric tons per day of green ammonia. This output will cater to growing demand from customers in Asia and Europe across sectors like agriculture, energy storage, transportation, and industry.
Also Read: Hydrogen’s Green Light Moment: Will PLUG Power Up?
“Ammonia producers are recognizing the substantial advantages of cost and carbon reduction through electrolysis-based hydrogen. We’re thrilled to partner with Allied Green Ammonia, a leader in global green ammonia production. Together, we’re not only advancing green ammonia production but actively supporting the global transition to a net-zero emissions future,” commented Andy Marsh, CEO of Plug.
Price Action: PLUG shares are trading higher by 6.02% at $2.82 premarket at the last check Wednesday.
Photo via Shutterstock.
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This article Plug Power Lands 3 GW Electrolyzer Deal For AGA’s Plant In Australia: Details originally appeared on Benzinga.com
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