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FinancingAnnouncedMay 14, 2024

Up to 6 green hydrogen production and liquefaction facilities — first project: Project Limestone (Graham, TX, 45 tpd liquid H2)

DOE LPO conditional commitment for $1.66B Title XVII loan guarantee to finance up to 6 green hydrogen production/liquefaction facilities. First project (Project Limestone, Graham TX) is 45-ton/day liquid H2 generation plant. PEM electrolyzers manufactured at Rochester NY facility; liquefaction systems engineered at Houston facility. Subject to technical, legal, environmental, and financial conditions. Final loan close: January 16, 2025.

$1.66B

Deal Value

Hydrogen & Fuel Cells

Technology

NY, TX

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Plug Power
Deal Value
$1.66B (conditional)
Stage
Development
ISO/RTO
Multiple
Source
U.S. DOE

Finance Counterparties

Lenders & Capital Providers

loanGuarantor
U.S. Department of Energy (LPO)

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