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
- Buyer / Financier
- U.S. Department of Energy (Loan Programs Office)
- 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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