(“PLUG”), including but not limited to statements about: Plug’s plan to supply 8MW of hydrogen fuel cell stationary power, delivering clean energy to the City of Calistoga, during times of wildfires and other emergencies during Public Safety Power Shutoff events. This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. For more information, visit Plug Power Safe Harbor Statement Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 185 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. For more information on Plug’s stationary power fuel cell, visit. This production approach will allow Energy Vault to take advantage of the additional 10% ITC available under the IRA for American-made content.Ĭonstruction of the energy storage system in Calistoga is anticipated to begin in the fourth quarter of 2023 with commercial operation expected by the third quarter of 2024. The fuel cells will be manufactured in the US, primarily at Plug’s gigafactory in Rochester, New York, and assembled and tested at Vista Technology Park, Plug’s world-class fuel cell manufacturing facility in Slingerlands, New York. Plug will deliver 8 MW of fuel cell power, made up of 40-foot ISO containers. The energy storage system will be owned, operated, and maintained by Energy Vault while providing dispatchable power under a long-term tolling agreement with PG&E. Plug’s fuel cell technology will serve as the microgrid’s stationary backup power generator. The microgrid will integrate a short duration battery system with a long duration storage system of fuel cells and green liquid hydrogen. Plug’s fuel cell solutions make it easy for partners like Energy Vault to harness the power of hydrogen fuel cell technology and realize CPUC’s vision of clean microgrid generation.”Įnergy Vault previously announced it is building a community microgrid for Pacific Gas and Electric Company (PG&E) to provide Calistoga with a minimum of 293 megawatt-hours (MWh) of dispatchable carbon-free energy during planned outages and PSPS events. “Green hydrogen is uniquely positioned to solve the need for clean long-duration energy storage in at-risk communities like Calistoga that are susceptible to power interruptions. “Our agreement with Energy Vault marks a huge step forward for hydrogen fuel cells in the microgrid market and represents the future of utility power back-up,” said Andy Marsh, CEO of Plug. Now, Plug’s PEM (proton exchange membrane) fuel cells will offer cleaner, more operationally flexible, and more cost-effective power to the microgrid. Energy Vault has typically rented mobile diesel generators to provide backup power in Calistoga during these Public Safety Power Shutoff (PSPS) events. The California Public Utility Commission (CPUC) requires that state utility grid operators shut off power during severe weather to help prevent wildfires. This will be the largest planned hydrogen powered fuel cell installation in the United States. with 8 MW (megawatts) of hydrogen fuel cell stationary power to deliver clean energy to the city of Calistoga, located in California Wine Country, during times of wildfires and other emergencies. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, announced it will supply Energy Vault Holdings, Inc. LATHAM, N.Y., J(GLOBE NEWSWIRE) - Plug Power Inc.
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