Hydrogen solutions provider Plug Power has secured a new hydrogen supply agreement from a US-based industrial gas partner until 2030.
This enhanced multi-year contract ensures reliable hydrogen for Plug's expanding applications business while aiming to reduce costs and improve cash flows.
The extension of this partnership supports Plug's strategy to strengthen margins and operational flexibility while catering to customer needs across more than 275 sites that consume hydrogen.
With an increasing number of customer sites relying on its services, Plug is committed to broadening its suite of hydrogen solutions.
Plug's expansion efforts include enhancing its domestic generation network. Current operations in Georgia, Tennessee and Louisiana yield a combined capacity of 40t per day of liquid hydrogen production.
Additional facilities are underway as part of plans to establish more than 40 new sites by 2025 and accommodate further industry growth from 2026 onwards.
Plug CEO Andy Marsh stated: “This expanded agreement supports our mission to build on our already robust and resilient hydrogen network in the US.
“As we continue to scale our applications business and build long-term partnerships with customers, reliable supply and cost efficiency are critical. This contract is a win for Plug, our customers, our suppliers and our margin profile. The immediate cost reduction complements our progress this year with Project Quantum Leap, focused on cost optimisation and cash flow improvement.”
This development follows recent US legislation promoting clean energy initiatives for future market expansion.
In June 2025, Plug Power announced a partnership with Allied Green Ammonia (AGA) to develop a new 2GW electrolyser for AGA's sustainable fuel initiative in Uzbekistan.
"Plug Power secures new hydrogen supply agreement in US" was originally created and published by Power Technology, a GlobalData owned brand.
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