Plug Receives Industry Certification for its High-Powered Stationary System
June 20 2024 - 9:20AM
Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive
hydrogen solutions for the green hydrogen economy, secured industry
certification for its one MW (megawatt) high-powered stationary
system.
Plug achieved certification of its high-powered stationary
system to the American National Standards Institute/CSA Group’s FC
1-2021 standard covering the safe operation, performance, and
construction of stationary fuel cell power systems.
Plug’s stationary systems provide a zero-emission solution,
reliable power where and when needed. Whether for backup,
intermittent, or continuous power, these systems provide energy
resiliency and independence so business operations can continue to
run seamlessly.
Supported by this industry-leading third-party certification,
customers ranging from hyperscale data centers and fleet EV
(electric vehicle) charging stations in grid-constrained areas to
microgrid applications powering local grids during PSPS (public
safety power shutoff) events can now fast track implementation of
Plug’s high-powered stationary system.
“We are pleased to have achieved this important certification
and look forward to supporting the decarbonization goals of power
producers,” noted Plug CEO Andy Marsh. “This certification marks
another key milestone in the build-out of our stationary power
solutions, expected to drive significant demand for our green
hydrogen.”
In the build-out of the stationary power market, Plug has
generated significant momentum as follows:
- Backup power
for hyperscale data centers requiring tens to hundreds of
MWs: Plug entered this market with a zero-emission 3 MW
unit backup system for Microsoft.
- Powering
microgrids: Plug is working with Energy Vault on a
first-of-a-kind application supporting the state of California’s
PSPS initiative with a zero-emission plant.
- Powering EV
fleets where the grid is unavailable or too costly: Plug
installed a 2 MW unit for charging over 200 fleet vehicles at a
customer site.
With this certification, Plug will continue to expand its
high-power stationary system, positioned for significant growth
potential in clean Peaker plant operations. Hydrogen’s scalability
and extended duration capabilities make it pivotal in addressing
the demands for this sizeable market.
For more information about Plug’s stationary power solutions,
please visit
https://www.plugpower.com/applications/stationary-power/.
About Plug
Plug is building an end-to-end green hydrogen ecosystem, from
production, storage, and delivery to energy generation, to help its
customers meet their business goals and decarbonize the economy. In
creating the first commercially viable market for hydrogen fuel
cell technology, the company has deployed more than 69,000 fuel
cell systems and over 250 fueling stations, more than anyone else
in the world, and is the largest buyer of liquid hydrogen.
With plans to operate a green hydrogen highway across North
America and Europe, Plug built a state-of-the-art Gigafactory to
produce electrolyzers and fuel cells and is developing multiple
green hydrogen production plants targeting commercial operation by
year-end 2028. Plug delivers its green hydrogen solutions directly
to its customers and through joint venture partners into multiple
environments, including material handling, e-mobility, power
generation, and industrial applications.
For more information, visit www.plugpower.com.
Plug Power Safe Harbor
Statement
This 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 belief that its third-party validation
will fast-track implementation of back-up power, EV charging and
prime power solutions for customers; Plug’s belief that its
stationary systems provide reliable power where and when needed so
business operations can continue to run seamlessly; Plug’s
expectation that the American National Standards Institute/CSA
Group’s FC 1-2021 certification will drive significant demand for
its green hydrogen; and Plug’s expectation that it will continue to
expand its high-power stationary system and be positioned for
significant growth potential in clean Peaker plant operations. 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 (the
“SEC”), including the “Risk Factors” section of Plug’s Annual
Report on Form 10-K for the year ended December 31, 2023, Plug’s
Quarterly Report on Form 10-Q for the quarter ended March 31, 2024
and any subsequent filings with the SEC. 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.
MEDIA CONTACT
Fatimah Nouilati AllisonplugPR@allisonpr.com
Plug Power (NASDAQ:PLUG)
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