LATHAM, N.Y., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has secured an order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from bp and Iberdrola's joint venture, Castellón Green Hydrogen S.L. The project will employ five of Plug's 5 MW containerized PEM electrolyzers with a 25 MW capacity to decarbonize the operations at bp's Castellón refinery in Valencia, Spain and is expected to avoid 23,000 tons of CO2 emissions per year.
Plug's electrolyzers will be used at the project led by bp and Iberdrola to produce green hydrogen, replacing part of the refinery's current use of gray hydrogen generated from natural gas in its operations.
"The selection of Plug's technology for this project serves as a clear example of our established industry expertise and proven technology," stated Plug CEO Andy Marsh. "Industry experts have highlighted the immense market potential for green hydrogen in Europe as being a key factor for reaching European Union decarbonization targets. This presents a significant opportunity for Plug, and we have the market knowledge and technology readily available to make a substantial impact."
Plug will leverage its extensive experience in the green hydrogen industry, backed by 35 years of engineering and expertise following the acquisition of Frames in 2021. Plug's experience in deploying and operating PEM electrolyzer systems globally, highlighted by operating the largest system at its 15 ton per day (TPD) Georgia hydrogen production plant, underscores its ability to provide proven PEM electrolyzer technology for this project.
Plug's state-of-the-art Gigafactory in Rochester, N.Y., one of the largest PEM manufacturing facilities in the U.S., further demonstrates the company's ability to deliver on this project. Together, the Georgia plant and the Gigafactory are evidence of Plug's successful track record with PEM electrolyzer technology.
This deal marks the beginning of a long-term partnership and is the first step in decarbonizing bp's operations. The project will be developed in phases, with the potential expansion of up to 2 gigawatts (GW) of electrolysis capacity.
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 69,000 fuel cell systems and over 250 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.
About Iberdrola
Iberdrola is the largest utility in Europe, and one of the top three largest globally, serving a population of more than 100 million people around the world. The company has a workforce of over 42,200 and assets in excess of €150 billion. In 2023, Iberdrola posted revenues of nearly €50 billion, net profit of €4.8 billion, with nearly €9.3 billion paid in tax contributions in the countries where it operates. The company helps to support more than 500,000 jobs in communities across its supply chain, and global supplier purchases topped €18.1 billion in 2023.
A benchmark in tackling climate change, Iberdrola has invested more than €150 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
Plug Power Inc.(纳斯达克:PLUG)是全球领先的绿色氢能解决方案提供商,在绿色氢能经济领域发挥着重要作用。该公司与bp和Iberdrola的合资企业Castellón Green Hydrogen S.L.获得了一份订单,订购了25兆瓦(MW)的质子交换膜(PEM)电解槽系统。该项目将使用Plug的5兆瓦容器化PEM电解槽系统,总容量达到25兆瓦,以减少西班牙瓦伦西亚Castellón炼油厂的碳排放,预计每年可避免排放23000吨二氧化碳。
bp和Iberdrola领导的项目将使用Plug的电解槽来生产绿色氢气,取代炼油厂目前使用的从天然气产生的灰色氢气。
"此项目选择Plug的技术是我们行业专业知识和验证技术的明显例证。"Plug的首席执行官安迪·马什表示,"行业专家强调了欧洲绿色氢气有巨大的市场潜力是达到欧盟脱碳目标的关键因素之一。这为Plug提供了重大机遇,我们已准备好市场业务和技术,以产生实质性的影响。"
Plug将利用其在绿色氢能行业的丰富经验,借助2021年收购Frames后的35年工程和专业知识。Plug在全球范围内部署和运营PEM电解槽系统的经验,尤其是在其佐治亚州每天产生15吨氢气的生产工厂中运营最大的系统,突显了其提供经受检验的PEM电解槽技术能力。
普拉格能源在纽约罗切斯特拥有先进的Gigafactory,是美国规模最大的PEm制造设施之一,进一步展示了该公司在该项目上的能力。乔治亚工厂和Gigafactory一起,证明了普拉格在PEm电解技术方面取得的成功记录。
此交易标志着长期合作的开始,也是碧辛公司减碳业务的第一步。该项目将分阶段开发,最终电解产能可扩大至2千兆瓦(GW)。
关于Plug
Plug正在构建一个全流程的绿色氢气生态系统,从生产、储存和输送到能源发电,帮助其客户实现业务目标并推进经济的脱碳,以带动绿色氢气市场的发展。该公司通过打造第一个商业上可行的氢燃料电芯技术市场,已在全球部署了超过69,000个燃料电芯系统和超过250个加氢站,比其他任何公司都多,并且是液氢最大的买家。
为了在北美和欧洲建设绿色氢能高速公路,Plug建立了一个先进的gigafactory生产电解器和燃料电池,并正在开发多个绿色氢制造厂,计划于2028年年底投入商业运营。Plug将其绿色氢气解决方案直接提供给客户,并通过合资企业伙伴提供到多个环境中,包括物流、电动、发电和工业应用。
关于Iberdrola
伊比利亚电力是欧洲最大的公用事业公司,也是全球排名前三的公司之一,在全球范围内为超过1亿人口提供服务。该公司拥有超过42,200名员工和超过1500亿欧元的资产。2023年,伊比利亚电力实现了近500亿欧元的营收,净利润为48亿欧元,在其运营国家缴纳了近93亿欧元的税款。该公司通过其供应链为社区创造超过50万个就业岗位,2023年全球供应商采购额达到了181亿欧元。
伊比利亚在应对气候变化方面是一个基准,过去20年中已投资超过1500亿欧元,以帮助构建基于环境、社会和管治(ESG)原则的可持续能源模型。