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Plug Power Lands Largest UK Hydrogen Deal Yet with 55 MW Contract

MarketDash Editorial Team
21 days ago
Plug Power secures its biggest UK electrolyzer contract to date, supplying 55 MW of equipment across three major green hydrogen projects backed by government support.

Plug Power Inc. (PLUG) just landed what might be its most significant UK contract to date: a 55-megawatt electrolyzer supply agreement spanning three major green hydrogen projects being developed by Carlton Power. It's the biggest combined electrolyzer award the UK has seen so far, and it's a meaningful win for Plug as it works to expand its footprint in Europe's increasingly competitive hydrogen market.

The deal covers equipment for three distinct projects—Barrow-in-Furness, Trafford Green Hydrogen, and Langage Green Hydrogen—each currently waiting for final investment approval. Once operational, these facilities will help anchor Plug's presence in a region that's betting heavily on hydrogen as a key piece of its decarbonization strategy.

Here's how it breaks down. At Barrow-in-Furness, Plug will supply six 5 MW GenEco PEM electrolyzers to produce renewable hydrogen for a Kimberly-Clark manufacturing facility. The goal there is straightforward: help the plant slash its emissions in a big way.

The Trafford project sits within the Trafford Low Carbon Energy Park and will deploy 15 MW of electrolyzer capacity. That hydrogen will go to industrial customers, heavy-transport operators, and municipal fleets, with operations expected to kick off in 2027.

Down in Plymouth, the Langage Green Hydrogen project will install two 5 MW units to support local industrial operations. There's also room for expansion into transportation and heating applications as demand grows over time.

All three projects are part of the UK government's Hydrogen Business Model (HAR1), which provides long-term revenue support to help de-risk these investments. Final decisions for Barrow-in-Furness and Trafford are expected by late 2025, while Langage is on track for early 2026.

"These projects underscore Plug Power's growing leadership in the European hydrogen market and our ability to deliver scalable, reliable electrolyzers for industrial applications," said Jose Luis Crespo, the company's president and chief revenue officer. Carlton Power's hydrogen director, Eric Adams, said the partnership reinforces the UK's shift toward low-carbon industrial energy.

Price Action: PLUG shares were trading lower by 5.92% to $2.112 at last check Monday.

Back to News

Plug Power Lands Largest UK Hydrogen Deal Yet with 55 MW Contract

MarketDash Editorial Team
21 days ago
Plug Power secures its biggest UK electrolyzer contract to date, supplying 55 MW of equipment across three major green hydrogen projects backed by government support.

Plug Power Inc. (PLUG) just landed what might be its most significant UK contract to date: a 55-megawatt electrolyzer supply agreement spanning three major green hydrogen projects being developed by Carlton Power. It's the biggest combined electrolyzer award the UK has seen so far, and it's a meaningful win for Plug as it works to expand its footprint in Europe's increasingly competitive hydrogen market.

The deal covers equipment for three distinct projects—Barrow-in-Furness, Trafford Green Hydrogen, and Langage Green Hydrogen—each currently waiting for final investment approval. Once operational, these facilities will help anchor Plug's presence in a region that's betting heavily on hydrogen as a key piece of its decarbonization strategy.

Here's how it breaks down. At Barrow-in-Furness, Plug will supply six 5 MW GenEco PEM electrolyzers to produce renewable hydrogen for a Kimberly-Clark manufacturing facility. The goal there is straightforward: help the plant slash its emissions in a big way.

The Trafford project sits within the Trafford Low Carbon Energy Park and will deploy 15 MW of electrolyzer capacity. That hydrogen will go to industrial customers, heavy-transport operators, and municipal fleets, with operations expected to kick off in 2027.

Down in Plymouth, the Langage Green Hydrogen project will install two 5 MW units to support local industrial operations. There's also room for expansion into transportation and heating applications as demand grows over time.

All three projects are part of the UK government's Hydrogen Business Model (HAR1), which provides long-term revenue support to help de-risk these investments. Final decisions for Barrow-in-Furness and Trafford are expected by late 2025, while Langage is on track for early 2026.

"These projects underscore Plug Power's growing leadership in the European hydrogen market and our ability to deliver scalable, reliable electrolyzers for industrial applications," said Jose Luis Crespo, the company's president and chief revenue officer. Carlton Power's hydrogen director, Eric Adams, said the partnership reinforces the UK's shift toward low-carbon industrial energy.

Price Action: PLUG shares were trading lower by 5.92% to $2.112 at last check Monday.