November 14, 2024

/EIN News/ — The first place in the world for the production of hydrogen in the sea
from onshore winds power relies on Plug’s leading electrolyzer technology

Capacity to produce up to 400 kg of green hydrogen per day

LATHAM, NY, Sept. 23, 2022 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Lhyfe, one of the world’s pioneers in the production of green and renewable hydrogen, announced yesterday the first hydrogen production at sea in a floating. platform with a Plug state-of-the-art 1-megawatt electrolyzer at an offshore green hydrogen production site in Saint-Nazaire, France. The plug’s electrolyzer will be powered directly by off-shore wind turbines.

Plug’s marinized EX-425D 1-megawatt electrolyzer product is the first electrolyzer to operate on a floating platform under extreme conditions. The electrolyzer system is marinized to achieve acceleration, tilt and other marine specifications.

The project, named “Sealhyfe,” paves the way for the use of offshore wind assets built around the world, and in particular, around the North Sea in Europe. The project will be operated for 6 months on the pier, then for 12 months on the coast of Le Croisic at the offshore testing site SEM-REV of the French engineering school Centrale Nantes.

Lhyfe and Plug, which began a strategic relationship with October 2021also implemented an MoU to jointly develop 300 megawatts of green hydrogen plants across Europe by 2025. In SeptemberPlug announced a deal with Lhyfe to supply 50 megawatts of PEM electrolyzers for the production of green hydrogen, the company’s largest multi-site order in Europe.

“Today’s inauguration of Sealhyfe marks an important moment for Plug and Lhyfe, showing that green hydrogen is possible, not only in onshore projects, but offshore as well,” said Andy Marsh, CEO in the Plug. “We are proud to be instrumental in creating the world’s first offshore green hydrogen project, another first for Plug, Lhyfe, and the world.”

Sealhyfe is supported by the French energy and environment agency ADEME and the Pays de la Loire Region. The project was created by a consortium, led by Lhyfe, which manages all the engineering studies and will operate the production site, and includes Chantiers de L’Atlantique, GEPS Techno, Eiffage Énergie Systèmes, the Port of Saint -Nazaire and Kraken Subsea Solutions. The Plug-Lhyfe partnership hopes to work together on future commercial off shore electrolyzer plants.

About the Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers achieve their business goals and decarbonize the economy. Creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and more than 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and several green hydrogen production plants that can produce 500 tons of liquid green hydrogen per day. by 2025. Plug will deliver green hydrogen solutions directly to its customers and through joint venture partners in multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit www.plugpower.com.

About Lhyfe

Founded in 2017 in Nantes, Lhyfe produces and supplies green and renewable hydrogen for transport and industry. Its production area and the project’s marketing pipeline should provide access to renewable hydrogen in industrial quantities, and enable the creation of a good energy model that benefits the environment. The company is a member of France Hydrogène and Hydrogen Europe. The first green hydrogen production plant was commissioned in September 2021. Lhyfe currently has a sales pipeline of more than 4.8 GW of total capacity that helps decarbonize the industry and mobility. A research program started in 2019 led to the start of a test phase in real conditions for the world’s first floating electrolyser connected to a floating wind farm, in autumn 2022. Lhyfe is listed on Euronext Paris stock exchange (LHYFE – FR0014009YQ1).

For more information, please go to www.lhyfe.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 regarding Plug Power Inc. relationship with the intentions of the joint development of 300 megawatts of renewable green hydrogen plants across Europe by 2025, including Plug supplying 50 megawatts of PEM electrolyzers for renewable green hydrogen production in Europe; The future partnership with Lhyfe-Plug Power plans to build electrolyzer plants powered by offshore wind. Such statements are subject to risks and uncertainties that may 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 the risks related to PLUG’s business in general, see 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, 2021 and any subsequent filing with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. 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 CONTACTS:

plug
Caitlin Coffee
Allison+Partners
plugPR@allisonpr.com

Lyfe
Industry Press Relations
New Seeds
Clemence Revers:
+33 (0) 6 60 57 76 43
c.rebours@nouvelles-graines.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/73c1f664-5c2c-4e5b-943c-80a621ba3773


Main Logo

Plug in 1MW Electrolyzer Commissioned at World’s First Floating Offshore Green Hydrogen Production Site

World’s first site for marine hydrogen production from offshore wind power relying on Plug’s leading electrolyzer technology

Leave a Reply

Your email address will not be published. Required fields are marked *