Plug Power Inks Green Hydrogen Distribution Agreement With Certarus, Targets 1,000 Tons Daily In 2028
Plug Power Inc. (Nasdaq: PLUG) announced today a long-term supply and logistics agreement with compressed natural gas transporter Certarus (USA). The partnership looks to “further scale and expand the infrastructure needed to accelerate the adoption of green hydrogen fuel.”
According to the agreement, Plug Power will provide the green hydrogen supply to Certarus, with initial deliveries of 10 tons per day expected to start in Q1 2022. The latter will then distribute the supply to both of the companies’ end users.
On top of the hydrogen supply, the two companies will also partner on supplying Plug Power equipment.
“We are building out a green hydrogen ecosystem, with the goal to deliver 500 tons per day of green hydrogen by 2025 and 1,000 tons per day by 2028,” said Plug Power CEO Andy Marsh.
Plug Power last traded at US$32.23 on the Nasdaq.
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