Plug Power Inc. to DELIVER TWO 30-TONS-PER-DAY HYDROGEN LIQUEFACTION SYSTEMS TO TC ENERGY

Plug Power Inc., a company that specializes in providing turnkey hydrogen solutions for the global green hydrogen economy, has received an order from TC Energy Corporation to deliver two 30-ton-per-day hydrogen liquefaction systems. These systems, also known as hydrogen liquefiers, utilize a hydrogen refrigeration cycle and are among the most energy-efficient designs currently available.

The advantage of liquid hydrogen is that it has a higher energy density than gaseous hydrogen, making it easier to transport and utilize in industries that are difficult to decarbonize. By using Plug's efficient and reliable liquefaction systems, TC Energy can achieve significant cost savings, expand its distribution coverage, and improve overall energy efficiency.

Plug's expertise in hydrogen liquefaction systems has been reinforced by the acquisition of Joule Processing LLC in 2022. This acquisition has enabled Plug to offer one of the most energy-efficient designs available in the market, using hydrogen as the refrigerant in the main liquefaction cycle, resulting in a cost-effective product. In addition to offering these systems to other companies, Plug is also utilizing them in its own nationwide network of green hydrogen generation plants, located in various states such as Texas and California.

"At Plug, we are dedicated to optimizing both capital and operational efficiency for our customers at every stage of the hydrogen value chain," said Andy Marsh, CEO of Plug. "This deal is validation of our investment in Plug’s liquefaction capabilities, and our vision of providing an end-to-end green hydrogen solution. We share TC Energy’s commitment to providing sustainable and secure energy and together we look forward to driving the growth of the hydrogen market."

Corey Hessen, TC Energy, executive vice president and president, Power & Energy Solutions said, "TC Energy is continuously pursuing decarbonization solutions across North America, and Securing this long-lead equipment and systems gives us a head start as we move forward in finalizing sites for hydrogen production and distribution hubs."

The two hydrogen liquefiers are scheduled for delivery in the second and third quarter of 2024 and will be used by TC Energy for facilities in North America that are yet to become operational.