Plug Power has finalized a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO).
The funding will support the construction of up to six projects across the United States for producing and liquefying zero- or low-carbon hydrogen.
The first project to benefit from this financing is Plug Power’s green hydrogen plant in Graham, Texas, which will be powered by an adjacent wind farm. This facility will utilize Plug Power’s electrolyzer stacks, manufactured at its Rochester, N.Y., factory, along with liquefaction and storage systems built in Houston. The project is expected to create hundreds of high-quality jobs, contributing to the company’s vision of expanding domestic manufacturing and hydrogen production capabilities.
Plug Power’s existing hydrogen generation network includes plants in Woodbine, Georgia, Charleston, Tennessee, and St. Gabriel, Louisiana, with a combined liquid hydrogen production capacity of approximately 45 tons per day. This expansion aligns with Plug Power’s commitment to strengthening the U.S. hydrogen economy and advancing clean energy innovation.
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