Plug Power Reports Milestone Reaching 7.5 GW In Global Basic Engineering And Design Package Contracts Since Introducing Offer Two Years Ago
Portfolio Pulse from Benzinga Newsdesk
Plug Power has reached a milestone of 7.5 GW in global Basic Engineering and Design Package (BEDP) contracts since introducing the offer two years ago. The company recently closed a 3 GW BEDP contract with Allied Green Ammonia for an electrolyzer project in Australia and has an additional 4.5 GW of BEDP contracts in the U.S. and Europe.
June 25, 2024 | 11:02 am
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Plug Power has achieved a significant milestone by securing 7.5 GW in global BEDP contracts, including a recent 3 GW contract with Allied Green Ammonia in Australia. This demonstrates strong demand for their electrolyzer technology and could positively impact their revenue and market position.
The milestone of 7.5 GW in BEDP contracts indicates strong market demand and successful execution of Plug Power's strategy. The recent 3 GW contract with Allied Green Ammonia in Australia further solidifies their market position and is likely to boost investor confidence, leading to a positive short-term impact on the stock price.
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