📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Plug Power(PLUG.US) Plug Power Secures 280 MW Electrolyzer Deal, Preferred Supplier for Arcadia’s 1+ GW Pipeline

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗣𝗹𝘂𝗴 𝗣𝗼𝘄𝗲𝗿 signs 𝟮𝟴𝟬 𝗠𝗪 GenEco electrolyzer deal with Arcadia eFuels.

➤ Agreement supports Arcadia’s flagship 𝗣𝗿𝗼𝗷𝗲𝗰𝘁 𝗘𝗡𝗗𝗢𝗥 in Denmark.

➤ ENDOR targets roughly 𝟭𝟭𝟬 𝘁𝗼𝗻𝘀 of renewable hydrogen daily.

➤ Renewable hydrogen and captured CO₂ will produce 𝗲-𝗦𝗔𝗙 aviation fuel.

➤ Plug becomes preferred supplier for four additional 𝗔𝗿𝗰𝗮𝗱𝗶𝗮 projects.

➤ Future projects represent more than 𝟭 𝗚𝗪 of potential electrolyzer capacity.

➤ Projects span 𝗘𝘂𝗿𝗼𝗽𝗲 and the 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝘀.

➤ Arcadia receives priority access to 𝗣𝗹𝘂𝗴’𝘀 manufacturing capacity.

➤ Project ENDOR is advancing toward a 𝗳𝗶𝗻𝗮𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Expands Plug’s potential electrolyzer pipeline by more than 𝟭 𝗚𝗪.

➤ Extends Plug’s European hydrogen footprint into the growing 𝗲-𝗦𝗔𝗙 market.

➤ ENDOR could create large-scale demand for Plug’s 𝗚𝗲𝗻𝗘𝗰𝗼 technology.

➤ EU aviation mandates could support long-term demand for synthetic aviation fuels.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗝𝗼𝘀é 𝗟𝘂𝗶𝘀 𝗖𝗿𝗲𝘀𝗽𝗼, President and Chief Executive Officer of Plug:

“Signing the ENDOR supply agreement alongside a strategic cooperation agreement positions Plug not only as the electrolyzer supplier for Arcadia eFuels' flagship project, but as their preferred partner across a pipeline of e-SAF developments in Europe and the Americas,” said José Luis Crespo, President and Chief Executive Officer of Plug. “This reflects continued confidence in our GenEco technology, our manufacturing capacity, and Plug's ability to deliver complex, high-capacity projects at scale. Europe remains our most active electrolyzer market, and e-SAF is one of the fastest-growing segments of demand as aviation fuel mandates take effect. Producing that fuel from European electricity and European carbon rather than imported oil also strengthens the continent's energy security.”

𝗔𝗺𝘆 𝗛𝗲𝗯𝗲𝗿𝘁, Chief Executive Officer of Arcadia eFuels:

“Project ENDOR is on the path to final investment decision, and this supply agreement from Plug signifies one of the many project documents that have been finalized,” said Amy Hebert, Chief Executive Officer of Arcadia eFuels. “Sustainable aviation fuel made from renewable hydrogen and captured carbon is what will get aviation to its decarbonization targets, and Plug gives us a proven and bankable electrolyzer partner at the scale this project demands.”