JUST IN: Plug Power taps ABB for $300 million hydrogen plants
ABB will provide the electrical systems for two U.S. hydrogen plants being built by fuel-cell provider Plug Power.Plug Power taps ABB for $300M hydrogen plantsThe first of the company's two new plants, "Project Gateway," will be North America's largest production facility for so-called. Located in Gennessee County in Upstate New York, it is set to produce 45 metric tons of liquid hydrogen daily.
Companies are racing to deploy clean-burning hydrogen as a fuel in vehicles — especially those where batteries face greater technical and economic challenges, such as heavy trucks — and as a power source.Plug Power says that the hydrogen will be used for the transportation and logistics sectors. Customers have signed on to buy power from the plants, but when asked, Kopczynski cited the company's current big-name clients: "The ones that we talk about are Amazon, Wal Mart, Home Depot, General Motors."Green hydrogen uses renewable energy to power the electrolysis process that separates hydrogen and oxygen atoms. The electrolysis process at Plug Power's New York plant, for example, will run on hydropower.
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