This follows recent completion of MOU and BEDP contracts
Both parties are collaborating to finalize purchase agreement in coming months
SLINGERLANDS, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has signed a binding framework agreement with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA's green hydrogen to ammonia plant in Australia.
The framework agreement follows the recently signed MOU and basic engineering and design package (BEDP). Both parties will now move into finalizing the sales and purchase agreement. The partnership between Plug and AGA marks a major step toward building one of the world's largest green ammonia production facilities in the world, with the delivery of Plug's electrolyzer system expected for the end of the year in 2026/early 2027.
