Plug Power Advances International Expansion with Barrow Green Hydrogen Project
Jun 3, 2026 (6 hr ago)
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Plug Power has reached a final investment decision for the 30-megawatt Barrow Green Hydrogen project in the U.K., marking a significant step in its international green hydrogen infrastructure deployment.
Barrow Green Hydrogen Project Development
- Plug Power will supply six 5 MW GenEco PEM electrolyzers for the 30-megawatt project located in Barrow-in-Furness, U.K.1
- The project operates under the U.K. Government's Hydrogen Business Model and is designed to reduce carbon emissions at Kimberly-Clark’s manufacturing facility.1
- The use of standardized electrolyzer units is intended to accelerate the timeline from project award to equipment delivery and commissioning.1
Capital and Liquidity Management
- Plug Power successfully monetized a federal Investment Tax Credit for $39.2 million related to its St. Gabriel, Louisiana hydrogen liquefaction facility.4
- This transaction is part of a broader strategy to improve liquidity and optimize capital deployment while scaling the company's hydrogen generation network.4
- The St. Gabriel plant, commissioned in April 2025, contributes to a total liquid hydrogen production capacity of approximately 40 tons per day across the company's platform.4
Strategic Business Operations
- The company continues to build an end-to-end green hydrogen ecosystem, including production, storage, and delivery infrastructure across North America and Europe.2
- Plug Power generates revenue through equipment sales, service contracts, and long-term hydrogen supply agreements for industrial, mobility, and logistics applications.3
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Plug Power Inc stock (US72919P2020): B. Riley lifts price target as shares trade below USD 4
Plug Power Inc stock (US72919P2020): B. Riley lifts price target as shares trade below USD 4
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