Plug Power Secures Major Electrolyzer Deal for Green Ammonia Production in Australia
Key Ideas
- Plug Power has signed a 3 GW electrolyzer supply agreement with Allied Green Ammonia in Australia to support a green hydrogen-to-ammonia plant, coupled with a 4.5 GW solar facility for clean energy production.
- The partnership aims to produce 2,700 metric tons per day of green ammonia to meet the rising demand in Asia and Europe across various sectors like agriculture, energy storage, transportation, and industry.
- Upon a positive Final Investment Decision by the second quarter of 2025, Plug plans to commence manufacturing and delivering Proton Exchange Membrane electrolyzers by the first quarter of 2027, as part of one of the largest green ammonia projects globally.
- Andy Marsh, Plug's CEO, highlighted the cost and carbon reduction benefits of electrolysis-based hydrogen, expressing enthusiasm for advancing green ammonia production and supporting the global shift towards a net-zero emissions future.
Plug Power Inc. has finalized a significant purchase agreement with Allied Green Ammonia (AGA) to provide 3 GW of electrolyzer capacity for AGA's green hydrogen-to-ammonia plant in Australia. This collaboration includes the development of a 4.5 GW solar facility by AGA to power Plug's electrolyzers with clean energy. The green hydrogen produced will be utilized to manufacture green ammonia, with a production capacity of 2,700 metric tons per day. The project targets the increasing demand for green ammonia in Asia and Europe across multiple sectors. Plug is set to create a Basic Engineering and Design Package to attract investors and secure financing, aiming to start manufacturing Proton Exchange Membrane electrolyzers by the first quarter of 2027 following a positive investment decision anticipated by the second quarter of 2025. Plug's CEO, Andy Marsh, emphasized the environmental benefits of electrolysis-based hydrogen and the company's commitment to supporting a net-zero emissions future.