Latest news with #SanjayShrestha
Yahoo
3 days ago
- Business
- Yahoo
Plug Power Just Landed a $5.5B Hydrogen Deal--And It's Only Getting Started
Plug Power (NASDAQ:PLUG) could be gearing up for one of its biggest green hydrogen wins yet. At the Tashkent International Investment Forum, Plug and Allied Green Ammonia just signed a deal to deploy 2 GW of electrolyzer capacity in Uzbekistana move that brings their global partnership to 5 GW across two continents. The Uzbekistan plant, backed by the country's government, aims to produce sustainable aviation fuel, green urea, and green diesel as part of a $5.5 billion green chemical complex. Both companies' top executives were on site to ink the agreement, signaling just how strategic this project could be for their long-term energy ambitions. Warning! GuruFocus has detected 8 Warning Signs with PLUG. This is the second major green hydrogen venture between the two. Allied Green's flagship project in Australia, with 3 GW of Plug's electrolyzers already lined up, is still tracking toward a final investment decision in Q4 2025. Taken together, these initiatives show Plug is more than just a tech supplierit's positioning itself as a go-to partner for decarbonization at scale. Sanjay Shrestha, Plug's President, emphasized the strategic alignment between the firms, pointing to the opportunity to expand into new regions beyond Australia and Central Asia. For investors watching the hydrogen space, this partnership could offer early clues about how industrial-scale electrolyzer deployments will unfold globally. Plug's tech is now in motion across five continents, supporting industries from transportation to chemicals. While execution risk always lingers in projects of this scale, repeat deals like this hint at momentumand possibly, a durable edge. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Business
- Yahoo
Plug Power Just Landed a $5.5B Hydrogen Deal--And It's Only Getting Started
Plug Power (NASDAQ:PLUG) could be gearing up for one of its biggest green hydrogen wins yet. At the Tashkent International Investment Forum, Plug and Allied Green Ammonia just signed a deal to deploy 2 GW of electrolyzer capacity in Uzbekistana move that brings their global partnership to 5 GW across two continents. The Uzbekistan plant, backed by the country's government, aims to produce sustainable aviation fuel, green urea, and green diesel as part of a $5.5 billion green chemical complex. Both companies' top executives were on site to ink the agreement, signaling just how strategic this project could be for their long-term energy ambitions. Warning! GuruFocus has detected 8 Warning Signs with PLUG. This is the second major green hydrogen venture between the two. Allied Green's flagship project in Australia, with 3 GW of Plug's electrolyzers already lined up, is still tracking toward a final investment decision in Q4 2025. Taken together, these initiatives show Plug is more than just a tech supplierit's positioning itself as a go-to partner for decarbonization at scale. Sanjay Shrestha, Plug's President, emphasized the strategic alignment between the firms, pointing to the opportunity to expand into new regions beyond Australia and Central Asia. For investors watching the hydrogen space, this partnership could offer early clues about how industrial-scale electrolyzer deployments will unfold globally. Plug's tech is now in motion across five continents, supporting industries from transportation to chemicals. While execution risk always lingers in projects of this scale, repeat deals like this hint at momentumand possibly, a durable edge. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Plug Power Just Landed a $5.5B Hydrogen Deal--And It's Only Getting Started
Plug Power (NASDAQ:PLUG) could be gearing up for one of its biggest green hydrogen wins yet. At the Tashkent International Investment Forum, Plug and Allied Green Ammonia just signed a deal to deploy 2 GW of electrolyzer capacity in Uzbekistana move that brings their global partnership to 5 GW across two continents. The Uzbekistan plant, backed by the country's government, aims to produce sustainable aviation fuel, green urea, and green diesel as part of a $5.5 billion green chemical complex. Both companies' top executives were on site to ink the agreement, signaling just how strategic this project could be for their long-term energy ambitions. Warning! GuruFocus has detected 8 Warning Signs with PLUG. This is the second major green hydrogen venture between the two. Allied Green's flagship project in Australia, with 3 GW of Plug's electrolyzers already lined up, is still tracking toward a final investment decision in Q4 2025. Taken together, these initiatives show Plug is more than just a tech supplierit's positioning itself as a go-to partner for decarbonization at scale. Sanjay Shrestha, Plug's President, emphasized the strategic alignment between the firms, pointing to the opportunity to expand into new regions beyond Australia and Central Asia. For investors watching the hydrogen space, this partnership could offer early clues about how industrial-scale electrolyzer deployments will unfold globally. Plug's tech is now in motion across five continents, supporting industries from transportation to chemicals. While execution risk always lingers in projects of this scale, repeat deals like this hint at momentumand possibly, a durable edge. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Plug Power and Allied Green Expand Strategic Collaboration with New 2 GW Electrolyzer Deal in Uzbekistan
Plug Power and Allied Green Leadership attending International Investment Forum to Execute the Agreement Allied Green Continues to Make Meaningful Progress in its Green Ammonia Plant in Australia with Plug to supply 3GW of Electrolyzer Capacity Bringing the total opportunity between partners to 5GW globally SLINGERLANDS, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced a significant expansion of its partnership with Allied Green Ammonia (AGA), with a new 2 gigawatt (GW) electrolyzer opportunity tied to a sustainable fuels project in Uzbekistan. The deal will be executed during the Tashkent International Investment Forum, where Sanjay Shrestha, President of Plug, and Alfred Benedict, Managing Director of Allied Green, will be on site for the official signing. Plug's electrolyzer technology has been selected as the foundation of a new $5.5 billion green chemical production facility in Uzbekistan that will produce sustainable aviation fuel, green urea, and green diesel. The project is backed by the Government of Uzbekistan and further strengthens Plug's position as the preferred electrolyzer provider for global-scale decarbonization initiatives. 'This latest expansion with Allied Green demonstrates how Plug is leading the global hydrogen transition with proven electrolyzer technology and execution at industrial scale,' said Andy Marsh, CEO of Plug. 'With a 5 GW partnership now spanning two continents, this is a defining example of our ability to deliver for customers building the future of energy.' 'This agreement reflects our deep confidence in Plug's team, technology, and ability to deliver on bold, world-class projects,' said Alfred Benedict of Allied Green Ammonia. 'Together, we are creating meaningful momentum for global decarbonization—first in Australia, now in Uzbekistan, and in future regions to come.' The Uzbekistan project builds on Allied Green's previously announced 3 GW electrolyzer commitment for its flagship green ammonia facility in Australia. The project remains on track for a final investment decision in the fourth quarter of 2025. 'This continued collaboration with Allied Green reflects Plug's ability to support ambitious decarbonization goals with scalable electrolyzer technology,' said Sanjay Shrestha, President of Plug. 'As we look to expand our relationship, we see strong alignment in our shared vision for accelerating the global shift to low-carbon hydrogen across industries and regions.' Plug's technology is deployed or under development across five continents, supporting customers in the industrial, transportation, energy, and chemical sectors. As global companies invest in green hydrogen infrastructure, Plug continues to stand out as the most experienced and scalable partner—delivering the integrated hydrogen ecosystem necessary to power the energy transition. About Plug Power Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications, and energy producers—advancing energy independence and decarbonization at scale. With electrolyzers deployed across five continents, Plug leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 72,000 fuel cell systems and 275 fueling stations and is the largest user of liquid hydrogen. Plug is rapidly expanding its generation network to ensure reliable, domestically produced supply, with hydrogen plants currently operational in Georgia, Tennessee, and Louisiana, capable of producing 39 tons per day. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP. Safe HarborThis communication contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. ('Plug'), including but not limited to statements about Plug's commercial arrangements, agreements or contracts, if any, with Allied Green Ammonia ('AGA'), including actual execution of binding agreements, expected timing for any Plug delivery of any equipment, products or services under any commercial contracts or other arrangements or Plug's ability to receive any revenue or payment on such product, equipment or services; AGA's plans for its green ammonia production facility, including its ability to execute on any plans including stated production capacity and timing of FID, as well as any actual or continued government support for such projects or programs. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Plug in general, see Plug's public filings with the Securities and Exchange Commission (the 'SEC'), including the 'Risk Factors' section of Plug's Annual Report on Form 10-K for the year ended December 31, 2024, Plug's Quarterly Reports on Form 10-Q for the quarter ended March 31, 2025 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and Plug undertakes no obligation to update such statements as a result of new information. MEDIA CONTACTTeal Hoyosmedia@
Yahoo
13-03-2025
- Business
- Yahoo
Plug to Present at the 2025 J.P. Morgan Industrials Conference
SLINGERLANDS, N.Y., March 13, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the 2025 J.P. Morgan Industrials Conference in New York. Sanjay Shrestha, President is scheduled to present on Thursday March 13, 2025 at 11:15 - 11:50 AM EST. A live audio webcast of the presentation will be available at beginning at 11:15 AM EST on March 13, 2025 and will be posted on the Investor Resources section of the Company's website at About Plug Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications and energy producers—advancing energy independence and decarbonization at scale. With electrolyzers deployed across five continents, Plug leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 70,000 fuel cell systems and 250 fueling stations and is the largest user of liquid hydrogen. Plug is rapidly expanding its generation network to ensure reliable, domestically produced supply, with hydrogen plants currently operational in Georgia, Tennessee, and Louisiana, producing 39 tons per day. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP. For more information, visit Plug Media Contact Fatimah Nouilati Allison PlugPR@ in to access your portfolio
