Cost EfficiencyThe Texas plant is positioned well to produce lower cost green hydrogen with limited capex burden, benefiting from an attractive wind PPA and Plug’s own technology.
Financial SupportPlug Power closed its $1.66B DOE loan for the construction of up to six green hydrogen facilities in the US, easing investor concerns of cancellation.
Growth ProspectsPlug Power has secured a purchase agreement for the supply of 3GW of electrolyzer capacity, which is a substantial order that supports their future growth prospects.