Plug Power and Allied Green Deepen Their Strategic Partnership With The Electrolyzer Contract.

Plug Power Inc. (NASDAQ:PLUG) is among the 13 Best Hydrogen and Fuel Cell Stocks to Buy According to Analysts. The firm and Allied Green Ammonia have announced a new 2 GW electrolyzer agreement for a $5.5 billion green chemical manufacturing facility in Uzbekistan at the Tashkent International Investment Forum.

Plug Power and Allied Green Deepen Their Strategic Partnership With The Electrolyzer Contract.

A generator being fueled and readied for use as part of an end-to-end green hydrogen ecosystem.

This extends the partners’ total commitment to 5 GW internationally, adding to the previous 3 GW deal for a green ammonia plant in Australia. The government of Uzbekistan is supporting the project, which would create green diesel, green urea, and sustainable aviation fuel. The signing of the deal was witnessed by Alfred Benedict, MD of Allied Green, and Sanjay Shrestha, President of Plug Power Inc. (NASDAQ:PLUG).

The business, standing as a top supplier of electrolyzers for extensive decarbonization, is strengthened by the expansion. Andy Marsh, CEO of Plug Power Inc. (NASDAQ:PLUG), underlined the importance of cross-continental, industrial-scale execution.

Alfred Benedict, the CEO of Allied Green, pointed out trust in Plug Power Inc. (NASDAQ:PLUG)’s tested hydrogen technology. The firm’s worldwide hydrogen ecosystem supports industrial and energy transition needs on five continents by including production, storage, and transport.

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