Plug Power Barrow Green Hydrogen project reaches final investment decision

Plug Power (PLUG) announced that the 30-megawatt Barrow Green Hydrogen project in Barrow-in-Furness, Cumbria, where Plug is supplying electrolyzers, has reached final investment decision. The Barrow Green Hydrogen project is being delivered by Green Hydrogen Energy Company, the joint venture established in 2023 by Schroders Greencoat, the specialist renewables and energy transition infrastructure manager, and Carlton Power, the British independent energy infrastructure company. The Barrow project will supply c100GWh of green hydrogen per annum to Kimberly-Clark’s manufacturing plant in the town, where the company manufactures consumer products including Andrex and Kleenex. The Kimberly-Clark Barrow site will reduce its consumption of natural gas by up to 50% with a reduction of 18,300 tons of CO2 emissions. Meanwhile, a long-term power purchase agreement with SEFE, an international energy company and the former Gazprom Germania, which was nationalized in 2022, has been agreed on for the supply of renewable electricity. Under the finalized agreement, Plug will supply 30 MW of its GenEco Proton Exchange Membrane electrolyzers.