Plug Power Inc. (NASDAQ: PLUG) has secured a significant order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from the joint venture of bp and Iberdrola in Spain. The project aims to decarbonize bp's Castellón refinery in Valencia, Spain, by utilizing five 5 MW containerized PEM electrolyzers. This initiative is expected to avoid 23,000 tons of CO2 emissions annually by replacing gray hydrogen with green hydrogen in refinery operations. Plug's CEO, Andy Marsh, highlighted the company's industry expertise and proven technology, emphasizing the critical opportunity this project represents for Plug in the European green hydrogen market. Plug's experience includes operating the largest PEM electrolyzer system at its 15-ton-per-day Georgia hydrogen production plant and manufacturing capabilities at its Rochester Gigafactory. This deal marks the beginning of a long-term partnership with potential expansion up to 2 gigawatts of electrolysis capacity, demonstrating Plug's leading role in sustainable energy solutions.