Plug Power (PLUG) has been awarded an order to deliver two 30-tons-per-day, TPD, hydrogen liquefaction systems to TC Energy Corporation (TRP). These 30TPD hydrogen liquefaction systems utilize a hydrogen refrigeration cycle and bring to market one of the most energy efficient designs to date. Through the acquisition of Joule Processing LLC in 2022, Plug gained core competency in liquefaction systems known for their operational efficiency, flexibility and reliability. Plug’s hydrogen liquefaction system has one of the most energy-efficient designs on the market utilizing hydrogen as the refrigerant in the main liquefaction cycle. "As a global leader in manufacturing reliable hydrogen liquefiers, Plug is focused on optimizing both capital and operational efficiency for our customers at every stage of the hydrogen value chain," said Andy Marsh, CEO of Plug. "This deal validates our investment in Plug’s liquefaction capabilities as part of our vision to build an end-to-end green hydrogen solution. We share TC Energy’s commitment to providing sustainable and secure energy, and together we look forward to accelerating the growth of the hydrogen market."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PLUG:
- Plug To Deliver Two 30-Tons-Per-Day Hydrogen Liquefaction Systems to TC Energy
- Plug Power put volume heavy and directionally bearish
- Plug Power call volume above normal and directionally bullish
- What You Missed This Week in EVs and Clean Energy
- New Supply Agreement Brings Nikola and Plug Power Closer Together