Plug Power Inc. has completed the acquisition of Frames Group, a market leader in turnkey energy system integration, following the announcement of the definitive agreement on Nov. 9, 2021.
Plug Power gains technical, process, and systems integration capabilities through the purchase of Frames Group, enabling the company to scale the delivery of green hydrogen solutions.
“We are thrilled to welcome today 300 new employees within Plug Power, and to expand our presence globally, with employees in the Netherlands, India, the United Emirates, Malaysia and Brazil. The Frames Group’s process and control systems integration expertise, combined with Plug Power’s world-class electrolyzer stack technology, will help us attain our goal of producing over 1,000 tons per day of green hydrogen by 2028,” said Andy Marsh, CEO for Plug Power. “This is further evidence of Plug Power’s commitment to invest in developing the green hydrogen economy in Europe.”
Plug Power continues to expand its capacity to supply turnkey electrolyzer solutions ranging from one megawatt (MW) containerized systems to 1,000 MW freestanding plants through the purchase of Frames.
