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confidence high
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materiality 0.85
Plug Power closes $1.66B DOE loan guarantee for up to six hydrogen production plants
PLUG POWER INC
- Closed $1.66B loan guarantee from DOE Loan Programs Office to finance up to six zero/low-carbon hydrogen plants in the U.S.
- First beneficiary: Graham, Texas green hydrogen plant, powered by adjacent wind farm, creating hundreds of jobs.
- Graham plant will use Plug's electrolyzer stacks from Rochester, N.Y. and liquefaction systems from Houston.
- Plug's current hydrogen network (GA, TN, LA) has ~45 tons/day liquid hydrogen capacity.