LATHAM, N.Y. - Plug Power Inc. (NASDAQ: NASDAQ:PLUG), a company focused on providing comprehensive hydrogen solutions, announced today the successful delivery of liquid green hydrogen from its production plant in Woodbine, Georgia, to customer sites including Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Home Depot (NYSE:HD). This initial delivery comes one week after the plant began operations, marking a significant step in the deployment of the largest proton exchange membrane (PEM) electrolyzer in the United States.
The company's Georgia facility houses eight 5-megawatt (MW) electrolyzers and is capable of producing up to 15 tons of liquid green hydrogen per day. This quantity is sufficient to fuel over 3,200 forklifts daily. The liquid hydrogen was transported using Plug's advanced cryogenic trailers that can carry up to 80,000 pounds per maximum gross vehicle weight, offering a more efficient transportation method compared to traditional gas tube trailers.
Andy Marsh, CEO of Plug, highlighted the delivery as a critical milestone for the green hydrogen economy, showcasing Plug's ability to scale real products and projects. Sanjay Shrestha, General Manager of Energy Solutions and Chief Strategy Officer at Plug, emphasized the importance of this step in providing cost-effective green hydrogen to their customers and validating the company's investment in its production plant network.
Plug Power's operations include not only the production of green hydrogen but also its storage and delivery, as well as the generation of energy. The company has established itself in the hydrogen fuel cell technology market, deploying over 60,000 fuel cell systems and more than 180 fueling stations worldwide. As the largest buyer of liquid hydrogen, Plug Power is also constructing a Gigafactory for producing electrolyzers and fuel cells and is developing multiple green hydrogen production plants with a target for commercial operation by the end of 2028.
The press release included forward-looking statements regarding the company's capabilities and future plans, which involve risks and uncertainties that could cause actual results to differ materially from those projected. These statements have been made as of the date of the press release, and Plug Power does not commit to updating them in light of new information.
This news article is based on a press release statement from Plug Power Inc.
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