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Hydrogen Stock News Bite - Plug (NASDAQ: PLUG) Cryogenic Trailers Leave Tennessee Hydrogen Production Plant for Customer Deliveries

 

February 8, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com) Hydrogen Stock News Bites - Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announces that Plug cryogenic trailers filled with liquid hydrogen are being deployed from its recently commissioned Tennessee hydrogen production plant for customer deliveries. The achievement comes two days following the official commencement of operations at the Charleston, TN production plant and is already servicing east coast pedestal customers, including Walmart, Home Depot and others.

The Tennessee plant adds about ten tons per day (TPD) of liquid hydrogen supply back onto the U.S. market, servicing Plug customers in material handling operations, fuel cell electric vehicle fleets, and stationary power applications. Plug also implemented design improvements in Tennessee to enhance overall plant efficiency and bring down the average cost of delivered hydrogen, impacting Plug's fuel cost margins. With this, Plug can now provide about 50% of our customers' requirements from these two facilities alone.

Plug has been active in commissioning its network of hydrogen plants in 2024. In addition to the 10 TPD plant in Tennessee, Plug began production of liquid green hydrogen at its Georgia plant on January 23, 2024. At 15 TPD, this is the largest liquid green hydrogen plant in the U.S. market, and largest PEM electrolyzer deployment operating in the United States (US). Between Georgia and Tennessee, Plug now has about 25 tons per day of liquid hydrogen production capacity, further enhancing the overall generation network in the US.

"Plug is deploying hydrogen production plants at a pace and scale unmatched by others in our sector," said Andy Marsh, CEO of Plug Power. "Unlike anyone else in the industry, Plug's energy business spans cryogenic equipment, liquefaction, hydrogen and electrolyzers. Proving the viability of these solutions, a goal previously only within the reach of traditional industrial gas companies, signals a new era for the hydrogen industry, led by Plug."

The Company's advanced cryogenic and liquefaction capabilities are integral to its operations, allowing the green hydrogen to be safely and efficiently transported to customers. Plug's liquid hydrogen tankers can transport up to 80,000 pounds per maximum gross vehicle weight. It takes approximately eight gas tube trailers to deliver the same amount of gaseous hydrogen as one liquid hydrogen tanker.

Read the company's full news and disclaimer here:

https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Cryogenic-Trailers-Leave-Tennessee-Hydrogen-Production-Plant-for-Customer-Deliveries/default.aspx

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