Plug Power Signed Two Additional Contracts To Deliver Basic Engineering And Design Packages For Projects In Europe, US
Portfolio Pulse from Benzinga Newsdesk
Plug Power has signed two new contracts to deliver Basic Engineering and Design Packages (BEDP) for projects in Europe and the US, increasing its global BEDP contracts to 4.5GW. With 50MW of its electrolyzers already operational, Plug is on track to become the world's largest provider of PEM technology by year-end.
April 25, 2024 | 11:42 am
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Plug Power's new contracts for BEDP in Europe and the US boost its total to 4.5GW, positioning it as a leader in PEM technology.
The signing of additional contracts for Basic Engineering and Design Packages (BEDP) significantly enhances Plug Power's portfolio and market position in the renewable energy sector, particularly in PEM technology. This expansion not only solidifies Plug's footprint in Europe and the US but also sets a clear path for the company to become the largest provider of PEM technology globally. Such strategic advancements are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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