Plug Power Inc. has announced an expansion of its partnership with Allied Green Ammonia through a new 2 gigawatt (GW) electrolyzer deal linked to a sustainable fuels project in Uzbekistan. This agreement, set to be executed at the Tashkent International Investment Forum, marks a significant step in the global decarbonization efforts led by both companies. The new project in Uzbekistan builds upon an earlier 3 GW electrolyzer commitment for a green ammonia facility in Australia, bringing the total collaboration to 5 GW globally. Plug's electrolyzer technology will underpin a $5.5 billion green chemical production facility in Uzbekistan, producing sustainable aviation fuel, green urea, and green diesel, with backing from the Government of Uzbekistan. This development underscores Plug Power's role as a leader in the global hydrogen transition, leveraging its scalable technology to support ambitious decarbonization goals worldwide.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.