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Plug Power acquires Applied Cryo Technologies

Published by , Editorial Assistant
Global Hydrogen Review,


Plug Power Inc. (Plug Power), a provider of turnkey hydrogen solutions for the global green hydrogen economy, has completed the acquisition of Applied Cryo Technologies, Inc. (Applied Cryo Technologies), a provider of technology, equipment and services for the transportation, storage and distribution of liquefied hydrogen and other cryogenic gases, following a definitive agreement announced on 14 October 2021.

The acquisition of Applied Cryo Technologies adds significant capabilities, expertise and technologies to Plug Power, including a liquid hydrogen delivery network and fleet, liquid hydrogen storage, and hydrogen mobility fuelling, which will enable the company to expand its green hydrogen ecosystem and lower the cost of hydrogen infrastructure and logistics networks.

Plug Power welcomes more than 200 new employees based out of Houston, Texas, US.

The company is one of the largest buyers of liquid hydrogen globally and has built a ‘hydrogen highway’ across the US, including over 165 refuelling stations that service fleets of hydrogen-powered trucks, forklifts and e-mobility vehicles in commercial industries throughout the nation. This is another step in its ambition to create a complete green hydrogen ecosystem, from hydrogen production powered by renewables to storage and transportation, serving customers in North America and beyond.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/24112021/plug-power-acquires-applied-cryo-technologies/

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