Plug Power(US:PLUG) Globenewswire·2025-12-04 12:00Core Viewpoint - Plug Power Inc. has signed a letter of intent with Hy2gen for a 5MW PEM electrolyzer to be installed at the Sunrhyse hydrogen production project in France, marking a significant step in advancing hydrogen solutions in the region [1][2]. Group 1: Partnership and Collaboration - The LOI establishes a foundation for collaboration between Plug Power and Hy2gen to enhance hydrogen use in southern France, with Plug supporting the transport and distribution of hydrogen produced at Sunrhyse [2][4]. - This partnership builds on existing collaborations in Europe and North America, including Hy2gen's Project Courant in Québec, which aims for a Final Investment Decision before 2027 [3][4]. Group 2: Strategic Importance - The expansion of RFNBO-certified hydrogen production in France is a key component of Plug's European growth strategy, supporting local hydrogen ecosystems for logistics, transport, and industrial users [4][9]. - The Sunrhyse project is seen as a major milestone in France's hydrogen transition, demonstrating the potential for renewable hydrogen to scale quickly and support sustainable growth [4][9]. Group 3: Company Overview - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [5][6]. - The company has deployed over 72,000 fuel cell systems and 285 fueling stations globally, with operational hydrogen plants in Georgia, Tennessee, and Louisiana, capable of producing 40 tons of hydrogen per day [6].