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FinancingClosedJanuary 16, 2025

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
Deal Value
$1.66B
Stage
Development
ISO/RTO
Multiple

Finance Counterparties

Lenders & Capital Providers

loanGuarantor
U.S. Department of Energy (LPO)

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