Up to 6 green hydrogen production and liquefaction facilities across the US (first project: Graham, Texas)
DOE LPO closed $1.66B Title XVII loan guarantee on Jan 16, 2025 to support Plug Power's expansion of green hydrogen production. First project: Graham, TX hydrogen plant powered by adjacent wind farm using PEM electrolyzers manufactured at Plug's Rochester, NY factory and liquefaction systems from Houston facility. Existing network: Woodbine GA, Charleston TN, St. Gabriel LA (with Olin JV) — ~45 tpd liquid hydrogen capacity. Target: 500 tpd green hydrogen in NA by 2025.
$1.66B
Deal Value
Hydrogen & Fuel Cells
Technology
GA, LA, NY, TN, TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Plug Power
- Buyer / Financier
- U.S. Department of Energy (DOE Loan Programs Office)
- Deal Value
- $1.66B
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- Plug Power IR
Finance Counterparties
Lenders & Capital Providers
- loanGuarantor
- U.S. Department of Energy (LPO)
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