Plug Power(US:PLUG) Zhi Tong Cai Jing·2025-10-03 14:01Core Viewpoint - Plug Power (PLUG.US) experienced a significant stock surge of over 25%, reaching a new high for the year, following the announcement of its first 10 MW GenEco electrolyzer array delivery to Galp, a leading integrated energy company in Portugal [1] Company Summary - The delivery of the 10 MW electrolyzer array to Galp's Sines refinery marks a milestone for Plug Power, as it is the largest proton exchange membrane (PEM) hydrogen electrolyzer project in Europe [1] - This project is expected to produce up to 15,000 tons of renewable hydrogen annually, which will replace 20% of the gray hydrogen currently used at the Sines refinery [1] - The transition to renewable hydrogen is projected to reduce greenhouse gas emissions by approximately 110,000 tons per year at the refinery [1] - Plug Power's CEO, Andy Marsh, emphasized that the collaboration with Galp demonstrates the maturity of large-scale hydrogen solutions, positioning the system as a model for the European refining and broader energy sectors [1]