Plug Power(US:PLUG) Zhi Tong Cai Jing·2025-10-03 13:54Core Viewpoint - Plug Power (PLUG.US) experienced a significant stock surge of over 25% on Friday, reaching a new high for the year, with a cumulative increase of 126% since September [1] Group 1: Project Announcement - On October 1, Plug Power announced the delivery of its first 10 MW GenEco electrolyzer array to Galp, a leading integrated energy company in Portugal [1] - The electrolyzer array was delivered to Galp's Sines refinery, which hosts Europe's largest Proton Exchange Membrane (PEM) hydrogen electrolyzer project [1] Group 2: Environmental Impact - The project is Plug Power's largest globally, with the potential to produce up to 15,000 tons of renewable hydrogen annually, replacing 20% of the gray hydrogen currently used at the Sines refinery [1] - This transition is expected to reduce greenhouse gas emissions by approximately 110,000 tons per year at the refinery [1] Group 3: Industry Significance - Plug Power's CEO, Andy Marsh, stated that the company is developing next-generation industrial energy solutions, and the collaboration with Galp demonstrates that large-scale hydrogen energy is now mature [1] - The system is anticipated to serve as a model for the European refining industry and the broader energy sector [1]