Overview

• Plug Power extended its liquid hydrogen supply agreement with a U.S. industrial gas partner through 2030 to secure long-term supply for its applications business.
• Under the extension, the partner will continue providing liquid hydrogen at reduced prices and collaborate on distribution efficiency enhancements.
• The deal is projected to lower Plug Power’s cost structure and strengthen cash flows as it scales its hydrogen solutions.
• Plug Power currently supports over 275 hydrogen-consuming sites and plans to add more than 40 new locations in 2025.
• The announcement follows recent federal energy and tax legislation designed to accelerate U.S. clean-hydrogen production and support market growth.