Hidrogenii, a Plug and Olin Joint Venture, Commissions 15 Ton Per Day Hydrogen Liquefaction Plant in Louisiana
Plug Power (NASDAQ: PLUG) and Olin announced the commissioning of a 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana through their joint venture Hidrogenii. The facility, among North America's largest electrolytic hydrogen liquefaction plants, will process Olin-produced hydrogen for trailer shipments across the U.S., serving Plug's material handling customers through Plug's spot pricing market.
The new plant increases Plug's total production capacity to 40 TPD, complementing existing facilities in Woodbine, Georgia (15 TPD) and Charleston, Tennessee (10 TPD). The joint venture, established in 2022, aims to strengthen the regional hydrogen supply chain and support the U.S. transition to low-carbon energy.
Plug Power (NASDAQ: PLUG) e Olin hanno annunciato l'avvio di una centrale di liquefazione dell'idrogeno da 15 tonnellate metriche al giorno (TPD) a St. Gabriel, Louisiana, tramite la loro joint venture Hidrogenii. L'impianto, tra i più grandi del Nord America per la liquefazione di idrogeno elettrolitico, elaborerà l'idrogeno prodotto da Olin per spedizioni in rimorchio in tutti gli Stati Uniti, servendo i clienti di Plug nel settore della movimentazione merci attraverso il mercato a prezzo spot di Plug.
Il nuovo impianto porta la capacità produttiva totale di Plug a 40 TPD, integrando le strutture esistenti a Woodbine, Georgia (15 TPD) e Charleston, Tennessee (10 TPD). La joint venture, fondata nel 2022, mira a rafforzare la filiera regionale dell'idrogeno e a sostenere la transizione degli Stati Uniti verso un'energia a basse emissioni di carbonio.
Plug Power (NASDAQ: PLUG) y Olin anunciaron la puesta en marcha de una planta de licuefacción de hidrógeno de 15 toneladas métricas por día (TPD) en St. Gabriel, Luisiana, a través de su empresa conjunta Hidrogenii. La instalación, una de las mayores plantas de licuefacción de hidrógeno electrolítico en Norteamérica, procesará el hidrógeno producido por Olin para envíos en remolque a lo largo de EE. UU., atendiendo a los clientes de manejo de materiales de Plug mediante el mercado de precios spot de Plug.
La nueva planta incrementa la capacidad total de producción de Plug a 40 TPD, complementando las instalaciones existentes en Woodbine, Georgia (15 TPD) y Charleston, Tennessee (10 TPD). La empresa conjunta, establecida en 2022, busca fortalecer la cadena regional de suministro de hidrógeno y apoyar la transición de EE. UU. hacia una energía baja en carbono.
플러그 파워 (NASDAQ: PLUG)와 올린은 합작 투자 회사 히드로제니이를 통해 루이지애나주 세인트 가브리엘에 일일 15미터톤(TPD) 수소 액화 공장을 가동한다고 발표했습니다. 이 시설은 북미에서 가장 큰 전해 수소 액화 공장 중 하나로, 올린이 생산한 수소를 미국 전역으로 트레일러 배송하여 플러그의 자재 취급 고객들에게 플러그의 스팟 가격 시장을 통해 공급할 예정입니다.
새 공장은 플러그의 총 생산 능력을 40 TPD로 늘리며, 기존 조지아주 우드바인(15 TPD)과 테네시주 찰스턴(10 TPD) 시설을 보완합니다. 2022년에 설립된 이 합작 투자는 지역 수소 공급망을 강화하고 미국의 저탄소 에너지 전환을 지원하는 것을 목표로 합니다.
Plug Power (NASDAQ : PLUG) et Olin ont annoncé la mise en service d'une usine de liquéfaction d'hydrogène de 15 tonnes métriques par jour (TPD) à St. Gabriel, en Louisiane, via leur coentreprise Hidrogenii. L'installation, l'une des plus grandes usines de liquéfaction d'hydrogène électrolytique en Amérique du Nord, traitera l'hydrogène produit par Olin pour des expéditions en remorque à travers les États-Unis, desservant les clients de Plug dans la manutention de matériaux via le marché au prix spot de Plug.
La nouvelle usine porte la capacité totale de production de Plug à 40 TPD, complétant les installations existantes à Woodbine, en Géorgie (15 TPD), et à Charleston, dans le Tennessee (10 TPD). La coentreprise, créée en 2022, vise à renforcer la chaîne d'approvisionnement régionale en hydrogène et à soutenir la transition des États-Unis vers une énergie à faible teneur en carbone.
Plug Power (NASDAQ: PLUG) und Olin haben die Inbetriebnahme einer Wasserstoffverflüssigungsanlage mit einer Kapazität von 15 metrischen Tonnen pro Tag (TPD) in St. Gabriel, Louisiana, im Rahmen ihres Joint Ventures Hidrogenii bekannt gegeben. Die Anlage zählt zu den größten elektrolytischen Wasserstoffverflüssigungsanlagen Nordamerikas und wird von Olin produzierten Wasserstoff für Trailerlieferungen in den gesamten USA verarbeiten, um Plug's Kunden im Bereich Materialhandling über den Spotpreis-Markt von Plug zu bedienen.
Die neue Anlage erhöht die Gesamtproduktionskapazität von Plug auf 40 TPD und ergänzt die bestehenden Anlagen in Woodbine, Georgia (15 TPD) und Charleston, Tennessee (10 TPD). Das 2022 gegründete Joint Venture hat zum Ziel, die regionale Wasserstofflieferkette zu stärken und den Übergang der USA zu kohlenstoffarmer Energie zu unterstützen.
- Increased production capacity to 40 TPD, reducing reliance on third-party suppliers
- Strategic expansion of hydrogen network through cost-effective joint venture
- Access to dependable hydrogen source through partnership with Olin
- None.
Insights
Plug's new 15 TPD hydrogen liquefaction plant significantly expands production capacity by 60% while reducing supplier dependency, strengthening their hydrogen network position.
The commissioning of Hidrogenii's 15 metric-ton-per-day hydrogen liquefaction plant in Louisiana represents a material expansion of Plug Power's hydrogen infrastructure. This facility increases Plug's total hydrogen production capacity to 40 TPD, up from their previous 25 TPD capacity between Georgia (15 TPD) and Tennessee (10 TPD) facilities.
This capacity addition is strategically significant for several reasons. First, it creates a more robust regional hydrogen distribution network across the eastern and southern United States, positioning Plug to better serve its material handling customers with reduced logistics costs. Second, the plant represents vertical integration in Plug's supply chain, with Olin providing the hydrogen feedstock while Plug contributes liquefaction technology.
The St. Gabriel facility ranks among the largest electrolytic hydrogen liquefaction plants in North America, giving Plug a competitive infrastructure advantage in the developing hydrogen economy. By capturing hydrogen from Olin's existing operations, the facility also improves the overall carbon intensity of Plug's hydrogen supply compared to traditional merchant hydrogen sources.
From a supply chain perspective, reducing dependency on third-party hydrogen suppliers insulates Plug from price volatility and supply constraints that have previously impacted margins. This control over a larger portion of their hydrogen supply chain should translate to more predictable operational costs, assuming the facility operates near designed capacity.
Plug's new liquefaction plant potentially improves margins through reduced supplier dependency, though financial impact remains unquantified amid continuing cash burn challenges.
Plug Power's investment in this liquefaction facility through the Hidrogenii joint venture represents a strategic attempt to address one of its fundamental business challenges: high production costs. By reducing reliance on third-party hydrogen suppliers, Plug aims to lower its cost structure, which has been a persistent obstacle to profitability.
The financial implications, while not quantified in the announcement, could be meaningful. Plug has historically faced significant margin pressure from purchasing merchant hydrogen at premium prices. This vertical integration should create cost advantages, particularly as the facility approaches full utilization. However, investors should note the company's financial position remains challenging, with the stock trading at just $0.92 and a market cap of approximately $952 million.
The economic success of this facility depends on several factors: actual production costs versus historical third-party procurement costs, utilization rates, and the continued growth of Plug's customer base. The spot pricing market mentioned could create additional revenue streams beyond Plug's core material handling customers, potentially improving asset utilization.
This operational milestone, while positive, should be viewed in the context of Plug's ongoing cash burn and profitability challenges. The facility demonstrates progress on strategic initiatives but requires successful execution to translate into meaningful financial improvement. The investment timing aligns with Plug's stated goals of reducing costs through infrastructure control, though the capital efficiency of this approach versus continued merchant hydrogen purchases remains to be proven.
Hydrogen Capture Enhances Sustainability and Profitability of Olin’s St. Gabriel Facility
Plug US Hydrogen Capacity now at 40TPD
ST. GABRIEL, La., April 17, 2025 (GLOBE NEWSWIRE) -- Hidrogenii, the joint venture between Plug Power Inc. (NASDAQ: PLUG) and Olin Corporation (NYSE: OLN), today announced the commissioning of its 15 metric-ton-per-day (TPD) hydrogen liquefaction plant in St. Gabriel, Louisiana. Among the largest electrolytic hydrogen liquefaction facilities in North America, the site marks a major milestone in strengthening the regional hydrogen supply chain and accelerating the U.S. transition to low-carbon energy.
The newly commissioned facility will liquify hydrogen produced by Olin for trailer shipments across the U.S., serving Plug’s material handling customers and utilizing Plug’s novel spot pricing market. The plant is designed to liquefy up to 15 TPD of hydrogen at maximum capacity, increasing Plug’s total production capacity to 40 TPD.
“This Louisiana plant, a milestone in expanding our U.S. hydrogen network, bolsters our financial position by leveraging a dependable, cost-effective hydrogen source, reducing our reliance on third-party suppliers,” noted Plug CEO Andy Marsh.
Ken Lane, President and CEO of Olin, added, “This joint venture is consistent with Olin’s value-first approach to build on our existing leading positions through high-value adjacencies or bolt-ons that align with our capital allocation framework.”
Established in 2022, Hidrogenii was formed by Plug and Olin to build and operate this state-of-the-art liquid hydrogen facility in St. Gabriel, Louisiana. The plant plays a key role in Plug’s broader strategy to scale a national green hydrogen network, joining existing Plug production sites in Woodbine, Georgia (15 TPD), and Charleston, Tennessee (10 TPD).
About Plug
Plug Power is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug Power provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications and energy producers—advancing energy independence and decarbonization at scale.
With electrolyzers deployed across five continents, Plug Power leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 72,000 fuel cell systems and 275 fueling stations and is the largest user of liquid hydrogen. Plug Power is rapidly expanding its generation network to ensure a reliable, domestically produced hydrogen supply. With plants operational in Georgia, Tennessee, and Louisiana, Plug Power’s total production capacity is now 40 tons per day.
Plug Power supports global leaders like Walmart, Amazon, Home Depot, BMW, and BP through its talented workforce and state-of-the-art manufacturing facilities around the world.
For more information, visit www.plugpower.com.
About Olin Corporation
Olin Corporation is a leading vertically integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, industrial cartridges and clay targets.
Visit www.olin.com for more information on Olin Corporation.
About Hidrogenii
Hidrogenii is a U.S.-based joint venture between Plug Power Inc. and Olin Corporation, combining Plug’s leading hydrogen technology with Olin’s decades of industrial expertise. Together, the venture is focused on producing and delivering reliable, domestically sourced hydrogen to serve growing demand across mobility, power, and industrial markets. By leveraging existing infrastructure and a proven track record in hydrogen innovation, Hidrogenii is helping build the backbone of the American hydrogen economy.
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“PLUG”), including but not limited to statements about: the liquid hydrogen production out of Louisiana strengthening the regional supply chain; the acceleration of the transition to low-carbon energy in the U.S.; the market demand for liquid hydrogen across the U.S., especially the spot pricing market; the Louisiana Plant’s capacity to produce up to 15 tons per day of hydrogen; Plug’s liquid hydrogen plants in Georgia and Tennessee operating at maximum capacity; Plug’s total maximum plant capacity increasing to 40 TPD; Plug’s expectation that the expansion of Plug’s U.S. hydrogen market will bolster Plug’s financial position; Plug’s expectation that the liquid hydrogen supply out of Louisiana will reduce Plug’s reliance on third-party suppliers; Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2024 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.
MEDIA CONTACT
Plug:
Fatimah Nouilati - Allison
plugPR@allisonpr.com
FAQ
What is the production capacity of Plug Power's new hydrogen plant in Louisiana?
How much is PLUG's total hydrogen production capacity after the Louisiana plant commissioning?
Where are PLUG's hydrogen production facilities located in the United States?
What is the purpose of the Hidrogenii joint venture between PLUG and Olin?
