Plug Power and Brookfield Renewable to Build Green Hydrogen Plant
Leading hydrogen solutions provider Plug Power (NASDAQ: PLUG) today announced plans to build a green hydrogen production plant in Pennsylvania. The company will source 100% of the renewable energy to power the plant from Brookfield Renewable (NYSE: BEP)(NYSE: BEPC), which operates one of the world's largest renewable energy platforms. Brookfield will supply power to this facility from its Holtwood hydroelectric plant in Pennsylvania.
Green hydrogen from the facility will help support the decarbonization of the broader transportation and logistics industries in the Northeast and the mid-Atlantic regions. Plug Power expects the plant to come on line by the end of next year. It will have the capacity to produce 15 metric tons of emissions-free liquid hydrogen per day. It will be one of the first industrial-scale green hydrogen facilities in North America. The plant is a significant milestone in Plug Power's goal to establish the first North American green hydrogen network. The company aims to produce more than 500 tons of hydrogen per day by 2025.
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Source Fool.com
