This website is under development, but we are pushing out updates as we build, so check back Nov. 1 for our official launch.

DOE Awards $1.66 Billion to Plug Power for Six Clean Hydrogen Production Facilities, Boosting Green Energy Efforts.

The U.S. Department of Energy (DOE) has awarded $1.66 billion to Plug Power a conditional loan guarantee to finance the development and construction of up to six clean hydrogen production facilities. The loan will support the creation of a commercial-scale clean hydrogen fueling network in several regions of the country. The announcement was made by Frank Wolak, president and CEO of the Fuel Cell and Hydrogen Energy Association, who believes the loans signal the DOE’s strong interest in clean hydrogen. The company plans to sell the hydrogen from its six-plant expansion to customers in the material handling, transportation and industrial sectors. Plug Power’s process reduces greenhouse gas emissions by 84% compared to conventional hydrogen production.

Share:

More Posts

Send Us A Message