Plug Power Bags Largest Electrolyzer Installation Order in the World
May 18 2022 - 10:50AM
TipRanks
Hydrogen fuel cell systems developer Plug Power Inc. (NASDAQ: PLUG)
recently revealed that it had bagged an order to supply a one
gigawatt (GW) electrolyzer to European hydrogen company H2 Energy
Europe. The impending installation of the electrolyzer, which will
be used for a green hydrogen production complex in Denmark, will
make this the largest electrolyzer capacity installation globally.
Following the news, shares of the company rose 14% to close at
$16.53 in yesterday's trading session. The stock is continuing its
gains today, up 2.9% so far. Strategic Impact Adversities like
rising oil prices and climate change have become harsh
realities.
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Plug Power (NASDAQ:PLUG)
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