Plug Power Secures Major Order for Green Hydrogen Project in Spain
Key Ideas
- Plug Power Inc. has secured an order for 25 MW of PEM electrolyzer systems from bp and Iberdrola’s joint venture to decarbonize operations at bp’s Castellón refinery in Spain, avoiding 23,000 tons of CO2 emissions annually.
- The partnership signifies the beginning of a long-term collaboration towards decarbonizing operations, with plans for potential expansion up to 2 GW of electrolysis capacity.
- Plug's expertise and advanced technology in green hydrogen production, highlighted by their state-of-the-art Gigafactory in New York, position them as a key player in the industry with the ability to make a substantial impact on the European decarbonization targets.
- Iberdrola's significant investments in sustainable energy and Plug's achievements in deploying fuel cell systems and fueling stations worldwide further reinforce the commitment to a greener energy future.
Plug Power Inc., a global leader in hydrogen solutions, has secured a major order for 25 MW of PEM electrolyzer systems from bp and Iberdrola’s joint venture in Spain to decarbonize operations at bp’s Castellón refinery. The project aims to produce green hydrogen, replacing gray hydrogen and avoiding 23,000 tons of CO2 emissions annually. This partnership marks the start of a long-term collaboration and includes plans for potential expansion to 2 GW of electrolysis capacity.
The selection of Plug’s technology for this endeavor showcases their expertise and ability to contribute significantly to European Union decarbonization targets. With a strong focus on green technology and industrial decarbonization, Plug's state-of-the-art Gigafactory in New York underscores their commitment to sustainable development.
Iberdrola, one of the largest utilities in Europe, is a key partner in this venture, emphasizing the importance of sustainable energy models and environmental principles. Plug's track record in deploying fuel cell systems globally and their plans to establish a green hydrogen highway across North America and Europe highlight their dedication to a greener future.
The collaboration between Plug Power Inc., bp, and Iberdrola signals a positive step towards reducing carbon emissions and promoting green hydrogen technology, aligning with the shift towards cleaner energy sources worldwide.
Topics
Electrolyzer
Renewable Energy
Green Technology
Fuel Cell Technology
Sustainable Development
European Union
Industrial Decarbonization
Latest News