Plug Power (PLUG) stock surged 5.02% in pre-market trading on Thursday following the announcement of a significant milestone in hydrogen production. The company reported that its Woodbine, Georgia plant produced a record-breaking 300 metric tons of liquid hydrogen in April, showcasing the potential of its cutting-edge technology.
The Georgia facility, which opened in January 2024, utilized Plug Power's proprietary proton exchange membrane (PEM) electrolyzer technology to achieve this feat. With a nameplate capacity of 15 tons per day, the plant has demonstrated its ability to operate at full capacity, setting a new monthly production record. This achievement not only highlights the scalability and reliability of Plug's technology but also positions it as the largest electrolytic liquid hydrogen production facility in the United States.
This production milestone is particularly significant for Plug Power and the broader hydrogen industry. As part of Plug's extensive hydrogen generation network, which includes plants in Georgia, Tennessee, and Louisiana, the company now has a combined production capacity of 40 tons per day. This increased capacity allows Plug to support major clients such as Walmart, Amazon, and Home Depot in their efforts to decarbonize operations, further solidifying its position as a leader in hydrogen solutions and potentially driving future growth in the rapidly expanding clean energy sector.
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