Plug Power Inc. introduced the first-ever spot pricing program for liquid green hydrogen, marking a significant advancement in the industry. This program allows hydrogen buyers to purchase liquid green hydrogen from Plug’s production plants on-demand, without the constraints of long-term take-or-pay agreements.
This flexibility enables customers, including retailers, industrial manufacturers, and power plant operators, to optimize their hydrogen sources efficiently and respond swiftly to fluctuating energy demands. S&P Global Platts will publish a weekly price based on Plug’s supply and demand.
All Plug operating plants in Woodbine, Georgia, Charleston, Tennessee, and St. Gabriel, Louisiana, with a combined liquid hydrogen production capacity of approximately 45 tons per day, participate in this program. This initiative aims to enhance the accessibility and affordability of green hydrogen, accelerating its adoption across various sectors and improving plant efficiency.
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