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Plug Selected by New Fortress Energy for 120 MW Green Hydrogen Plant on Gulf Coast

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Thursday, August 4, 2022
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LATHAM, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has entered an agreement with New Fortress Energy Inc. (NFE) (NASDAQ: NFE) for a 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.

Key Points: 
  • Plug To Supply PEM Electrolyzer Technology, Equipment for NFEs First Investment in Green Hydrogen Production
    LATHAM, N.Y., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has entered an agreement with New Fortress Energy Inc. (NFE) (NASDAQ: NFE) for a 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.
  • The facility is the first investment in green hydrogen for NFE, a global infrastructure company committed to accelerating the worlds transition to clean energy.
  • Plugs decarbonization goals and NFEs energy transition goals are strongly aligned, and our partnership has strengthened at a pivotal time for the green hydrogen industry, Andy Marsh, CEO of Plug, said.
  • New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the worlds transition to reliable, affordable, and clean energy.

NFE Enters Agreement with Plug Power for 120 MW Green Hydrogen Plant on Gulf Coast

Retrieved on: 
Thursday, August 4, 2022
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New Fortress Energy Inc. (NFE) (NASDAQ: NFE) announced today that it has entered an agreement with Plug Power Inc. (Plug) (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, for a 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.

Key Points: 
  • New Fortress Energy Inc. (NFE) (NASDAQ: NFE) announced today that it has entered an agreement with Plug Power Inc. (Plug) (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, for a 120 megawatt industrial-scale green hydrogen plant near Beaumont, Texas.
  • Plugs decarbonization goals and NFEs energy transition goals are strongly aligned, and our partnership has strengthened at a pivotal time for the green hydrogen industry, Andy Marsh, CEO of Plug, said.
  • 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.
  • Plug will deliver 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.