Plug reaches 7.5 GW in BEDP contracts for global electrolyser projects
Published by Poppy Clements,
Assistant Editor
Global Hydrogen Review,
“The introduction of our BEDP has significantly propelled the growth of our electrolyser business,” said Plug CEO, Andy Marsh. “This milestone not only highlights the increasing demand for green hydrogen but also underscores Plug’s industry leading position in PEM electrolyser technology and driving the green hydrogen revolution.”
A BEDP provides the engineering and plant integration details to allow a full plant front-end engineering design (FEED) study to proceed purposefully and efficiently and to understand, in detail, the capital and operating expenditures associated with running a potential plant.
Following the project development work and completion of BEDP and FEED activities, customers select suppliers and look to secure a Final Investment Decision (FID). The maturity and track record of the technologies and suppliers involved contributes to any green hydrogen project reaching FID.
The general timeline for these projects to move from BEDP and FEED to FID is approximately 6 - 18 months.
Most recently, Plug closed a 3 GW BEDP contract with Allied Green Ammonia for an electrolyser project in Australia. The company has an additional 4.5 GW of BEDP contracts spanning the US and Europe.
Plug's ability to scale its electrolyser business demonstrates its expertise in proton exchange membrane (PEM) technology and liquid hydrogen plants, being the sole electrolyser OEM supplier constructing green hydrogen plants.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/27062024/plug-reaches-75-gw-in-bedp-contracts-for-global-electrolyser-projects/
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