Plug Power to build green hydrogen plant in Georgia

Plug Power Inc (NASDAQ:PLUG) plans to build a green hydrogen plant in Camden County, Georgia, investing USD 84 million (EUR 69m) in the project, the US fuel cell systems provider said today.

The facility will be capable of producing 15 tonnes of liquid hydrogen a day and will be powered by 100% renewable electricity sourced under a purchase power agreement with Okefenokee Rural Electric Membership Corporation.

The company said it is entering into a memorandum of understanding with Camden County Joint Development Authority for land and local site support and will announce the exact location for the facility and construction details upon finalisation later in 2021.

The hydrogen will be used for transportation applications, including material handling and fuel cell electric vehicle fleets.

Plug Power said the plant will allow it to serve customers across the southeastern US and is part of its goal of setting up the first North American green hydrogen supply network. It adds to previously announced facilities in Pennsylvania and the Western New York Science, Technology and Advanced Manufacturing (STAMP) Park, as well as Plug Power’s existing plant in Tennessee, acquired in 2020.

(USD 1.0 = EUR 0.821)

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