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.

Expansion Efforts

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.

Partnership and Growth

The new agreement is a significant development for Plug Power, as it continues to scale its applications business and build long-term partnerships with customers. Reliable supply and cost efficiency are critical for the company's growth, and this contract is expected to support these goals. Plug CEO Andy Marsh stated that the expanded agreement supports the company's mission to build on its already robust and resilient hydrogen network in the US.

Industry Context

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 to develop a new 2GW electrolyser for a sustainable fuel initiative in Uzbekistan. The company is committed to broadening its suite of hydrogen solutions, with an increasing number of customer sites relying on its services. Plug Power's new hydrogen supply agreement is a key step in its expansion efforts, and the company is poised for further growth in the hydrogen industry. With a strong partnership in place and plans for new facilities underway, Plug Power is well-positioned to meet the increasing demand for hydrogen solutions. The company's focus on reliable supply and cost efficiency will be critical in supporting its mission to build a robust and resilient hydrogen network in the US.

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