Hidrogenii's Milestone: Liquefying Hydrogen for U.S. Shipments
Key Ideas
- The joint venture, Hidrogenii, commissioned a 15 TPD hydrogen liquefaction plant in St. Gabriel, Louisiana, enhancing the regional hydrogen supply chain and supporting the U.S. transition to low-carbon energy.
- The facility will liquify hydrogen produced by Olin for trailer shipments across the U.S., increasing Plug Power's total production capacity to 40 TPD and utilizing a novel spot pricing market.
- Plug Power's CEO, Andy Marsh, emphasized the plant's significance in expanding the U.S. hydrogen network, reducing reliance on third-party suppliers, and enhancing financial stability.
- Hidrogenii's establishment in 2022 signifies a strategic move by Plug and Olin to scale a national green hydrogen network, aligning with Plug's broader strategy and capital allocation framework.
Hidrogenii, a joint venture between Plug Power and Olin Corporation, recently announced the commissioning of a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana. This facility, one of the largest electrolytic hydrogen liquefaction plants in North America, plays a crucial role in enhancing the regional hydrogen supply chain and accelerating the U.S. shift towards low-carbon energy. The plant is designed to liquefy hydrogen produced by Olin for trailer shipments across the U.S., ultimately increasing Plug Power's total production capacity to 40 TPD. Andy Marsh, the CEO of Plug Power, highlighted the plant's importance in expanding the U.S. hydrogen network, improving financial stability, and reducing reliance on external suppliers. Ken Lane, President and CEO of Olin, emphasized the joint venture's alignment with Olin's value-driven strategy to capitalize on high-value opportunities. Established in 2022, Hidrogenii signifies a strategic move by Plug and Olin to scale a national green hydrogen network, complementing Plug's existing production sites in Georgia and Tennessee. The commissioning of this hydrogen liquefaction plant marks a significant milestone in the journey towards a more sustainable and hydrogen-powered future.