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Plug Power (NASDAQ:PLUG) +3% pre-market Monday after saying it is expanding its partnership with Allied Green Ammonia with a new 2 electrolyzer opportunity tied to a sustainable fuels project in Uzbekistan.
Plug (NASDAQ:PLUG) said its electrolyzer technology has been selected as the foundation of a new $5.5B green chemical production facility in Uzbekistan that will produce sustainable aviation fuel, green urea, and green diesel.
The Uzbekistan project builds on Allied Green’s 3 GW electrolyzer commitment for its flagship green ammonia facility in Australia, which remains on track for a final investment decision in Q4 2025.
The deal will be executed during the Tashkent International Investment Forum, where Plug (NASDAQ:PLUG) President Sanjay Shrestha and Allied Green Managing Director Alfred Benedict will be on site for the official signing.