Plug Power (NASDAQ:PLUG) +3.4% pre-market Wednesday after saying it delivered its first 10 MW GenEco electrolyzer array to Galp’s (OTCPK:GLPEF) (OTCPK:GLPEY) Sines Refinery, site of the largest proton exchange membrane hydrogen electrolyzer project underway in Europe and Plug’s largest worldwide project.
Plug (NASDAQ:PLUG) said the module is the first of 10 similar arrays with hydrogen processing units to be deployed at the Sines Refinery for a total electrolyzer capacity of 100 MW upon completion in next year’s H1.
The project is expected to produce up to 15,000 tons/year of renewable hydrogen, replacing 20% of the grey hydrogen currently used at Sines and allowing for the reduction of the refinery’s greenhouse gas emissions by ~110,000 tons/year.
“Plug is building the next generation of industrial energy solutions, and our collaboration with Galp shows that large-scale hydrogen is ready today,” CEO Andy Marsh said.