Plug Power To Supply PEM Electrolyzers For Australian Green Hydrogen Projects
Portfolio Pulse from Nabaparna Bhattacharya
Plug Power, Inc. (NASDAQ:PLUG) has been chosen by Australia's Countrywide Hydrogen to supply two 5-megawatt proton exchange membrane electrolyzer systems for green hydrogen projects in Tasmania. The electrolyzer systems will be installed at planned production facilities in Brighton and Western Junction. The sites will connect to the TasGas network, allowing the injection of hydrogen into the network and supply to local industry. The hydrogen produced will decarbonize Tasmania's road transport and natural gas sectors.
July 12, 2023 | 10:55 am
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POSITIVE IMPACT
Plug Power's partnership with Countrywide Hydrogen for green hydrogen projects in Tasmania could potentially boost its revenues and market presence in the green energy sector.
The news of Plug Power's partnership with Countrywide Hydrogen for supplying electrolyzer systems for green hydrogen projects in Tasmania is directly related to the company. This partnership could potentially increase the company's revenues and strengthen its position in the green energy sector. The stock price is likely to go up in the short term due to this positive news.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100