Plug Seals Monumental Deal with Allied Green Ammonia for a Mega 3 GW Electrolyzer System
Plug Power (NASDAQ: PLUG) has secured a major agreement with Allied Green Ammonia (AGA) to supply 3 gigawatts (GW) of electrolyzer capacity for AGA's green hydrogen-to-ammonia plant in Australia. The project will be powered by a 4.5 GW solar plant, ensuring zero-emission production.
Plug will first develop a Basic Engineering and Design Package (BEDP) to attract investors. Following an expected Final Investment Decision by Q2 2025, manufacturing and delivery of Proton Exchange Membrane (PEM) electrolyzers will begin in Q1 2027.
The facility aims to produce approximately 2,700 metric tons per day of green ammonia, serving AGA's customers in Asia and Europe across agriculture, energy storage, transport, and industrial applications. This project represents one of the largest green ammonia production facilities globally.
Plug Power (NASDAQ: PLUG) ha ottenuto un accordo importante con Allied Green Ammonia (AGA) per fornire 3 gigawatt (GW) di capacità di elettrolizzatore per l'impianto di produzione di idrogeno verde in ammoniaca di AGA in Australia. Il progetto sarà alimentato da un impianto solare da 4,5 GW, garantendo una produzione senza emissioni.
Plug svilupperà innanzitutto un Pacchetto di Progettazione e Ingegneria di Base (BEDP) per attrarre investitori. Dopo una prevista Decisione Finale di Investimento entro il secondo trimestre del 2025, la produzione e la consegna degli elettrolizzatori a Membrana a Scambio Protonico (PEM) inizieranno nel primo trimestre del 2027.
La struttura mira a produrre circa 2.700 tonnellate metriche al giorno di ammoniaca verde, servendo i clienti di AGA in Asia e Europa nel settore agricolo, dello stoccaggio energetico, dei trasporti e delle applicazioni industriali. Questo progetto rappresenta uno dei più grandi impianti di produzione di ammoniaca verde a livello globale.
Plug Power (NASDAQ: PLUG) ha conseguido un importante acuerdo con Allied Green Ammonia (AGA) para suministrar 3 gigavatios (GW) de capacidad de electrólito para la planta de producción de hidrógeno verde en amoníaco de AGA en Australia. El proyecto será alimentado por una planta solar de 4,5 GW, asegurando una producción sin emisiones.
Plug desarrollará primero un Paquete de Ingeniería y Diseño Básico (BEDP) para atraer a los inversores. Tras una esperada Decisión Final de Inversión para el segundo trimestre de 2025, la fabricación y entrega de los electrólitos de Membrana de Intercambio de Protones (PEM) comenzará en el primer trimestre de 2027.
La instalación tiene como objetivo producir aproximadamente 2.700 toneladas métricas por día de amoníaco verde, atendiendo a los clientes de AGA en Asia y Europa en los sectores de agricultura, almacenamiento de energía, transporte y aplicaciones industriales. Este proyecto representa una de las instalaciones de producción de amoníaco verde más grandes a nivel mundial.
플러그 파워 (NASDAQ: PLUG)는 호주에 있는 AGA의 녹색 수소-암모니아 공장을 위해 3기가와트(GW)의 전해조 용량을 공급하기 위해 Allied Green Ammonia (AGA)와 중요한 계약을 체결했습니다. 이 프로젝트는 4.5 GW의 태양광 발전소로 전력을 공급받아 제로 배출 생산을 확보합니다.
플러그는 먼저 투자자를 유치하기 위해 기본 엔지니어링 및 설계 패키지(BEDP)를 개발할 것입니다. 2025년 2분기까지 최종 투자 결정이 예상됨에 따라, 양성자 교환막(PEM) 전해조의 제조 및 납품은 2027년 1분기에 시작될 것입니다.
이 시설의 목표는 매일 약 2,700미터톤의 녹색 암모니아를 생산하여 아시아와 유럽의 농업, 에너지 저장, 운송 및 산업 응용 분야의 AGA 고객에게 서비스를 제공하는 것입니다. 이 프로젝트는 전 세계에서 가장 큰 녹색 암모니아 생산 시설 중 하나를 나타냅니다.
Plug Power (NASDAQ: PLUG) a conclu un important accord avec Allied Green Ammonia (AGA) pour fournir 3 gigawatts (GW) de capacité d'électrolyseur pour l'usine de conversion d'hydrogène vert en ammoniac d'AGA en Australie. Le projet sera alimenté par une centrale solaire de 4,5 GW, garantissant une production sans émissions.
Plug développera d'abord un Package d'Ingénierie et de Conception de Base (BEDP) pour attirer des investisseurs. Suite à une décision finale d'investissement attendue d'ici le deuxième trimestre 2025, la fabrication et la livraison des électrolyseurs à membrane à échange de protons (PEM) commenceront au premier trimestre 2027.
Les installations visent à produire environ 2 700 tonnes métriques par jour d'ammoniac vert, servant les clients d'AGA en Asie et en Europe dans le domaine de l'agriculture, du stockage d'énergie, des transports et des applications industrielles. Ce projet représente l'une des plus grandes installations de production d'ammoniac vert au monde.
Plug Power (NASDAQ: PLUG) hat eine bedeutende Vereinbarung mit Allied Green Ammonia (AGA) getroffen, um 3 Gigawatt (GW) Elektrolysekapazität für AGA's grünes Wasserstoff-ammoniak Werk in Australien bereitzustellen. Das Projekt wird durch eine 4,5 GW Solar-Anlage betrieben, wodurch eine emissionsfreie Produktion gewährleistet wird.
Plug wird zunächst ein Basis-Ingenieur- und Design-Paket (BEDP) entwickeln, um Investoren anzuziehen. Nach einer erwarteten endgültigen Investitionsentscheidung bis zum 2. Quartal 2025 wird die Herstellung und Lieferung der Protonenaustauschmembran (PEM) Elektrolyseure im 1. Quartal 2027 beginnen.
Die Anlage zielt darauf ab, ungefähr 2.700 metrische Tonnen pro Tag grünes Ammoniak zu produzieren, um AGAs Kunden in Asien und Europa in den Bereichen Landwirtschaft, Energiespeicherung, Transport und industrielle Anwendungen zu bedienen. Dieses Projekt stellt eine der größten grünen Ammoniakproduktionsanlagen weltweit dar.
- Secured major 3 GW electrolyzer supply agreement for Australian facility
- Project will be one of the world's largest green ammonia facilities
- Production capacity of 2,700 metric tons per day of green ammonia
- Established presence in growing Asian and European markets
- Long implementation timeline with deliveries starting Q1 2027
- Project still requires Final Investment Decision approval
- Significant dependency on successful project financing
Insights
This landmark 3 GW electrolyzer deal represents a transformative moment for Plug Power and the green hydrogen sector. The project's scale - producing 2,700 metric tons per day of green ammonia - positions it among the world's largest green ammonia facilities. The integration with a 4.5 GW solar plant creates a fully sustainable production chain.
The deal's structure is particularly noteworthy: the Basic Engineering and Design Package (BEDP) development followed by manufacturing commencement in Q1 2027 post-FID provides a clear roadmap while managing risks. This phased approach allows for proper technical validation and financing arrangements. The project's focus on serving Asian and European markets aligns with regions showing the strongest green ammonia demand growth.
For context: a 3 GW electrolyzer system is equivalent to the power consumption of about 2 million homes. This single project could significantly impact the global green hydrogen market's supply-demand dynamics.
The strategic significance of this deal cannot be overstated. For Plug Power, securing a 3 GW order amid their financial challenges demonstrates continued market confidence in their technology and execution capabilities. This agreement could provide substantial revenue visibility through 2027 and beyond, potentially strengthening their market position and balance sheet.
The project's timeline, with FID expected by Q2 2025 and delivery starting Q1 2027, suggests a well-structured development approach. The BEDP phase is important for de-risking the project and securing financing. The deal's successful execution could establish a blueprint for future large-scale green hydrogen projects, potentially leading to similar orders.
Think of this as a major automaker securing a multi-year contract for their next-generation electric vehicles - it validates the technology, provides revenue visibility and positions the company as a leader in the industry's transformation.
SLINGERLANDS, N.Y., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, today announced a landmark purchase agreement with Allied Green Ammonia (AGA). This agreement will see Plug supplying an impressive three gigawatts (GW) of electrolyzer capacity to AGA's state-of-the-art green hydrogen-to-ammonia plant, currently under development in Australia.
In a significant step towards a clean energy future, AGA will install a 4.5 GW solar plant to power the Plug electrolyzers with zero emission clean electricity. The green hydrogen produced will be used to make green ammonia.
With the agreement now signed and sealed, Plug will develop a Basic Engineering and Design Package (BEDP), providing crucial technical details and engineering specifications to attract investors and finalize financing.
Upon a positive Final Investment Decision (FID) expected by Q2 2025, Plug will kick off the manufacturing and delivery of Proton Exchange Membrane (PEM) electrolyzers starting in Q1 2027.
AGA's ambitious mega project, one of the largest green ammonia production facilities in the world, is set to produce approximately 2,700 metric tons per day (TPD) of green ammonia. This venture is driven by a growing demand from AGA’s customers in Asia and Europe for ammonia used in a range of sectors, including agriculture, energy storage, transport, and industrial applications.
"Ammonia producers are recognizing the substantial advantages of cost and carbon reduction through electrolysis-based hydrogen," said Andy Marsh, CEO of Plug. "We're thrilled to partner with Allied Green Ammonia, a leader in global green ammonia production. Together, we're not only advancing green ammonia production but actively supporting the global transition to a net-zero emissions future.”
Alfred Benedict, Chairman and Managing Director of AGA, expressed his enthusiasm for the partnership: "Taking on a project of this magnitude, deploying 3 GW of electrolyzers, is no small feat. From the moment we decided to embark on this journey, we knew we were looking at a long-term commitment to our partners of 4 to 5 years. That's why our relationship with Plug is so pivotal. Strong, enduring partnerships are the bedrock of successful projects like this. Having the right allies by our side, like Plug, makes all the difference in turning ambitious, green energy visions into reality."
About AGA
AGA is an Australian based company partnering with the world’s leading technology and materials providers to design, develop, construct and operate one of the world’s largest and most efficient green ammonia production facilities.
AGA has secured essential equipment, technology, and offtake agreements to ensure the successful development of the project, including Plug’s state-of-the-art electrolyzers, manufactured at its gigafactory in New York.
AGA values the substantial support of its industry stakeholders, the Northern Territory Government, the Australian Government and the local indigenous peoples represented by the Gumatj Corporation. Through these partnerships, AGA aims to deliver a critical piece of infrastructure that is expected to generate thousands of local jobs, saving millions of tonnes of carbon dioxide from being released into the atmosphere and provide the global industry with sustainable, clean and affordable fuels.
For further information, please contact: info@alliedgreen.com.au
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.
With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.
For more information, visit www.plugpower.com.
Plug Power Safe Harbor Statement
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 Plug’s purchase agreement with Allied Green Ammonia (“AGA”), including expected timing for any Plug delivery; AGA’s plans for its green ammonia production facility, including production capacity and timing of FID. 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, 2023, Plug’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 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
Fatimah Nouilati
Allison
plugPR@allisonpr.com
FAQ
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