Globenewswire·2025-04-17 11:30Core Insights - The joint venture Hidrogenii, formed by Plug Power Inc. and Olin Corporation, has commissioned a 15 metric-ton-per-day hydrogen liquefaction plant in St. Gabriel, Louisiana, enhancing the regional hydrogen supply chain and supporting the U.S. transition to low-carbon energy [2][4]. Group 1: Company Developments - The new facility will liquefy hydrogen produced by Olin for distribution across the U.S., increasing Plug's total hydrogen production capacity to 40 TPD [3][6]. - Plug Power's CEO highlighted that the Louisiana plant strengthens the company's financial position by providing a reliable and cost-effective hydrogen source, reducing dependence on third-party suppliers [4]. - The joint venture aligns with Olin's strategy to enhance its market position through high-value projects that fit within its capital allocation framework [4]. Group 2: Industry Context - The commissioning of the St. Gabriel facility is a significant step in Plug Power's strategy to develop a national green hydrogen network, complementing existing production sites in Georgia and Tennessee [4][6]. - Plug Power is recognized as a leader in hydrogen production, with over 72,000 fuel cell systems and 275 fueling stations deployed globally, indicating a strong commitment to expanding the hydrogen economy [5][6]. - The facility is expected to meet the growing demand for liquid hydrogen across various sectors, including mobility and industrial markets, thereby contributing to the development of the American hydrogen economy [11].