Plug Power Secures Contracts To Supply Cryogenic Equipment To A Multinational Industrial Gas Company And A Statewide Electric Utility Company
Portfolio Pulse from Benzinga Newsdesk
Plug Power has secured contracts to supply cryogenic equipment to a multinational industrial gas company and a statewide electric utility company, with an additional agreement in the final stages with another leading industrial gas company. The partnership includes supplying five cryogenic trailers for the Canadian market, expected to be delivered in early 2025. This equipment is essential for transporting cryogenic industrial gases such as nitrogen, argon, and oxygen.
May 02, 2024 | 11:50 am
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Plug Power's new contracts for supplying cryogenic equipment signal potential revenue growth and expansion into new markets, particularly in Canada.
Securing contracts with major companies for supplying essential equipment indicates a strong demand for Plug Power's products, likely leading to revenue growth. The strategic partnership for the Canadian market also opens new avenues for expansion and strengthens the company's position in the clean energy sector.
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