Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has entered an agreement with New Fortress Energy Inc. (NFE) (NASDAQ: NFE) for a 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.Expected to be one of the largest of its kind in North America, the facility will leverage Plug’s industry-leading proton exchange membrane (PEM) electrolysis technology and enable the production of more than 50 tons per day (TPD) of green hydrogen. With the development of additional supporting infrastructure, the facility will be scalable to nearly 500 megawatts. The facility is the first investment in green hydrogen for NFE, a global infrastructure company committed to accelerating the world’s transition to clean…
Plug Power (PLUG) Selected by New Fortress Energy (NFE) for 120 MW Green Hydrogen Plant on Gulf Coast
