Apex Clean Energy and Plug Power Partner on Largest Green Hydrogen Power Purchase Agreement in the United States
July 14 2021 - 7:00AM
Apex Clean Energy, one of the nation’s largest independent clean
energy companies, and Plug Power (NASDAQ: PLUG), a leading provider
of turnkey hydrogen solutions for the global green hydrogen
economy, today announced a 345 MW wind power purchase agreement
(PPA) and a development services agreement for a green hydrogen
production facility.
The power purchased through the PPA will
directly supply a new hydrogen production plant with 100% renewable
power. The hydrogen plant, which is being co-developed by Apex and
Plug Power, will be the first and largest wind-supplied hydrogen
project in the United States and the largest onshore wind-powered
project across the globe. Once operational, the plant is
anticipated to produce over 30 metric tons per day of clean liquid
hydrogen, enough to fuel the equivalent of over 2,000 light
commercial vehicles or over 1,000 heavy duty class 8 trucks.
The partnership, which follows the September
2020 announcement of the companies’ collaboration agreement, marks
Apex’s largest PPA to date and will help realize the potential of
green hydrogen in North America to advance the decarbonization of
the transportation and industrial sectors.
“Delivering carbon-free solutions at scale is
how Apex accelerates the shift to clean energy,” said Mark Goodwin,
president and CEO of Apex. “Innovative solutions and partnerships
with pioneers like Plug Power help us expand the impact of our
business, taking us into the next frontier of decarbonizing the
American economy and amplifying the potential of our
industry-leading renewable energy portfolio.”
“As leaders building the hydrogen economy, we
are on track to build a first-of-its-kind green hydrogen generation
network in North America alongside an experienced partner, Apex,”
said Andy Marsh, CEO of Plug Power. “This wind-powered green
hydrogen plant is important to Plug Power’s customers and to
achieving our generation targets of 500 tons per day by 2025 and
1,000 tons per day before 2028.”
Media Contacts
Apex Clean EnergyCat StrumlaufDirector |
Corporate Communications(434)
227-4196cat.strumlauf@apexcleanenergy.com
Plug Power
Teal HoyosDirector, Marketing
Communicationsmedia@plugpower.com
About Apex Clean EnergyApex
Clean Energy was founded with a singular focus: to accelerate the
shift to clean energy. Through origination, construction, and
operation of utility-scale wind, solar, and storage facilities,
distributed energy resources, and green fuel technologies, Apex is
expanding the renewable frontier across North America. Our
mission-driven team of more than 250 professionals uses a
data-focused approach and an unrivaled portfolio of projects to
create solutions for the world’s most innovative and
forward-thinking customers. For more information about how Apex is
building the energy company of the future, visit
apexcleanenergy.com or follow us on Facebook, Twitter, and
LinkedIn.
About Plug PowerPlug Power is
building the hydrogen economy as the leading provider of
comprehensive hydrogen fuel cell (HFC) turnkey solutions. The
Company’s innovative technology powers electric motors with
hydrogen fuel cells amid an ongoing paradigm shift in the power,
energy, and transportation industries to address climate change and
energy security, while providing efficiency gains and meeting
sustainability goals. Plug Power created the first commercially
viable market for hydrogen fuel cell (HFC) technology. As a result,
the Company has deployed over 40,000 fuel cell systems for
e-mobility, more than anyone else in the world, and has become the
largest buyer of liquid hydrogen, having built and operated a
hydrogen highway across North America. Plug Power delivers a
significant value proposition to end-customers, including
meaningful environmental benefits, efficiency gains, fast fueling,
and lower operational costs. Plug Power’s vertically-integrated
GenKey solution ties together all critical elements to power, fuel,
and provide service to customers such as Amazon, BMW, The Southern
Company, Carrefour, and Walmart. The Company is now leveraging its
know-how, modular product architecture and foundational customers
to rapidly expand into other key markets including zero-emission
on-road vehicles, robotics, and data centers.
Plug Power Safe Harbor StatementThis
communication contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995
that involve significant risks and uncertainties about Plug Power
Inc. ("PLUG"), including but not limited to statements about PLUG's
plans in Europe and its expectations regarding its ability to
strengthen its presence in fuel cell-powered on-road commercial
mobility, green hydrogen generation and distribution and large
scale electrolyzer markets, and PLUG’s belief that Europe will play
a key role in the emergence of a green hydrogen economy. You are
cautioned that such statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times that, or by which, such performance or
results will have been achieved. Such statements are subject to
risks and uncertainties that could cause actual performance or
results to differ materially from those expressed in these
statements. For a further description of the risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the business of PLUG in general, see PLUG’s public
filings with the Securities and Exchange Commission, including the
“Risk Factors” section of PLUG’s Annual Report on Form 10-K for the
year ended December 31, 2020. Readers are cautioned not to place
undue reliance on these forward-looking statements. The
forward-looking statements are made as of the date hereof, and PLUG
undertakes no obligation to update such statements as a result of
new information.
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