Plug Power Inc. announced a new multi-year enhanced supply agreement with a leading U.S.-based industrial gas company, extending their strategic partnership through 2030. This agreement secures a reliable supply of liquid hydrogen for Plug's growing applications business.
As part of the extension, the strategic partner will continue to supply Plug with liquid hydrogen while immediately reducing costs and collaborating on improved network efficiency. This aligns with Plug's objectives to strengthen margins and enhance operational flexibility.
The agreement supports customer demand across Plug's growing base of over 275 hydrogen-consuming customer sites. While Plug scales its own production capacity, strategic supply agreements like this are crucial for meeting demand and preserving resources, especially with anticipated industry growth in 2026 and beyond.
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