Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, announced the
signing of a Basic Engineering and Design Package (BEDP) with
Allied Green Ammonia (AGA), an Australian company focused on green
ammonia production, for a three-gigawatt (GW) electrolyzer plant
supplying hydrogen to AGA’s planned ammonia facility proposed for
the Northern Territory of Australia.
Plug’s BEDP offering is instrumental for project
owners like AGA to support their Front-End Engineering Design
(FEED) and incorporate Plug’s electrolyzers into the basic design
of the overall plant, enabling project owners to make the final
investment decision (FID). The FID for AGA’s hydrogen-to-ammonia
facility, with a capacity of 2,700 metric ton-per-day (TPD) green
ammonia, is planned for Q4 2025.
The BEDP contract announcement follows the
recently announced memorandum of understanding for the supply of
Plug’s Proton Exchange Membrane (PEM) electrolyzers with delivery
slated to begin in Q1 2027.
“Moving this major green hydrogen-to-ammonia
project to the BEDP phase is a sign of its maturity in the
development process,” noted Plug CEO Andy Marsh. “In total, we now
have 7.5 GW of BEDP contracts globally to support our growth
targets.”
Alfred Benedict, Founder & Managing Director
of AGA, said: “Our contract with Plug builds on a long list of
leading global firms who are joining us on our journey to build one
of the largest green ammonia production facilities in the world, in
a strategically located part of Australia given its proximity to
Asia. This BEDP agreement is a significant milestone in the
development of Allied Green’s facility, which will be one of the
most efficient green hydrogen and green ammonia projects globally.
Given our respective track records in delivering clean energy
infrastructure, this agreement is a critical first step and a
testament to the alignment of our respective visions to provide
tangible solutions that enable the world to achieve net-zero.”
Green hydrogen produced by Plug’s electrolyzers
can help decarbonize the ammonia production process by displacing
Steam Methane Reforming (SMR) techniques. In addition to its
environmental advantages, Plug's pressurized (40 bar) electrolyzer
decreases downstream compression requirements, and the extracted
oxygen from electrolysis-based hydrogen can enhance efficiency in
industrial power plants and furnaces due to its high-temperature
combustion capability. The Plug modular units are completely
factory-assembled and can easily be transported by sea and road to
remote locations.
AGA’s production facility will operate a 2,700
metric ton-per-day (TPD) green ammonia process. Tapping into
abundant renewable energy resources and a strong local energy
infrastructure, the proposed Gove Peninsula location strategically
aligns with Australia’s trading partnerships with Asia. The
facility is geographically positioned to meet AGA’s intended
customers’ growing needs, providing them with a reliable and secure
supply of green ammonia from the region.
Plug is the leading manufacturer of PEM
electrolyzers and currently operates the largest PEM electrolyzer
deployment in the United States at its 15 TPD Woodbine, Ga.,
hydrogen plant. This announcement follows Plug’s recently announced
BEDP contracts totaling 4.5 GW, bringing Plug’s total BEDP
contracts to 7.5 GW to date spanning across the United States,
Europe and Australia.
The BEDPs contain all the information for a clients’ Front-End
Engineering Design (FEED) project phase to develop a mature project
execution plan and financial models required to bring the projects
to FID. The total of 7.5 GW of signed BEDP contracts of mature
projects will support Plug’s growth targets.
To learn more about becoming a Plug BEDP
customer, contact us at:
https://www.plugpower.com/learn-more-about-plugs-electrolyzer-products/
About PlugPlug 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.
About Allied Green AmmoniaAllied Green Ammonia
is an Australian based company with deep and proven in-house
experience in building green ammonia capacity and other clean
energy projects globally. We are 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.
Allied Green Ammonia is positioning itself as a
global industry leader in clean energy infrastructure and is
rapidly advancing the development of its flagship green ammonia
plant proposed for construction on the Gove peninsula in
Australia’s Northern Territory.
AGA deeply values the substantial support of,
and its relationships with, its industry partners, the Northern
Territory and Australian Governments, the Aboriginal and Torres
Strait Islander peoples, and the ongoing consultation with the
Gumatj Corporation. We look forward to delivering this critical
piece of infrastructure that is expected to create thousands of
local jobs while avoiding the release of millions of tonnes of
carbon dioxide into the atmosphere and provide global industry with
sustainable, clean and affordable fuels.
For more information, visit www.alliedgreen.com.au.
Plug Power Safe Harbor StatementThis
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:
Allied Green Ammonia's (AGA) planned ammonia facility, including
with respect to its proposed location, timing of final investment
decision, and expected output capacity; whether such facility will
be one of the most efficient green hydrogen and green ammonia
projects globally; whether such facility will meet AGA’s intended
customers’ growing needs; Plug’s expectations regarding the timing
of delivery of its Proton Exchange Membrane (PEM) electrolyzers to
AGA; and Plug’s expectations that its signed Basic Engineering and
Design Package (BEDP) contracts will support its growth targets.
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 Report on Form 10-Q for the quarter ended March 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.
Plug Media ContactFatimah
NouilatiAllisonPlugPR@allisonworldwide.com
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