Plug Power(PLUG) Newsfilter·2025-01-15 12:00Core Insights - Plug Power Inc. has entered a significant purchase agreement with Allied Green Ammonia to supply 3 gigawatts (GW) of electrolyzer capacity for a green hydrogen-to-ammonia plant in Australia [1][2] - AGA plans to install a 4.5 GW solar plant to provide zero-emission electricity for the electrolyzers, with the produced green hydrogen being utilized to create green ammonia [2] - The project aims to produce approximately 2,700 metric tons per day (TPD) of green ammonia, driven by increasing demand from customers in Asia and Europe [4] Company Overview - Plug Power is a leader in hydrogen solutions, focusing on building a comprehensive green hydrogen ecosystem, including production, storage, and delivery [8][9] - The company has deployed over 69,000 fuel cell systems and operates more than 250 fueling stations globally, making it the largest buyer of liquid hydrogen [8] - Plug is developing multiple green hydrogen production plants targeting commercial operation by the end of 2028 [9] Project Details - The Basic Engineering and Design Package (BEDP) will be developed by Plug to provide technical details and attract investors for the AGA project [2] - A positive Final Investment Decision (FID) is anticipated by Q2 2025, with manufacturing and delivery of Proton Exchange Membrane (PEM) electrolyzers commencing in Q1 2027 [3] - AGA's project is supported by various stakeholders, including the Northern Territory Government and local indigenous peoples, aiming to create thousands of local jobs and reduce carbon emissions significantly [7]