(“PLUG”), including but not limited to statements about: Whether TC Energy will achieve significant cost savings, broader distribution coverage and overall energy efficiency with minimal hardware from the delivery of the two hydrogen liquefiers. This communication contains “forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. For more information, visit Plug Power Safe Harbor Statement Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 185 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. 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.” “This deal validates our investment in Plug’s liquefaction capabilities as part of our vision to build an end-to-end green hydrogen solution. “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. In addition to bringing this system to market, Plug is also utilizing the systems in its nationwide network of green hydrogen generation plants including Texas, California and other locations. This leads to the most efficient and cost-effective product on the market. 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. Through the acquisition of Joule Processing LLC in 2022, Plug gained core competency in liquefaction systems known for their operational efficiency, flexibility and reliability.
By liquifying hydrogen with Plug’s highly efficient and reliable liquefaction systems, TC Energy will achieve significant cost savings, broader distribution coverage and overall energy efficiency with minimal hardware. Liquid hydrogen has superior energy density than gaseous hydrogen, making it easier to transport and use in hard-to-decarbonize sectors. These 30TPD hydrogen liquefaction systems utilize a hydrogen refrigeration cycle and bring to market one of the most energy efficient designs to date.
(NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has been awarded an order to deliver two 30-tons-per-day (TPD) hydrogen liquefaction systems (also known as hydrogen liquefiers) to TC Energy Corporation (TSX, NYSE: TRP). 10, 2023 (GLOBE NEWSWIRE) - Plug Power Inc.
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