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Plug Power Places Order For Two 15-Ton/Day Liquefaction Plants From Chart Industries; Financial Terms Not Disclosed

ATLANTA and LATHAM, N.Y. , March 17, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE:GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy

· 03/17/2021 07:25

ATLANTA and LATHAM, N.Y. , March 17, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE:GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries has announced that Plug Power (NASDAQ:PLUG), a leading provider of turnkey green hydrogen solutions has placed an order for two 15 ton per day liquefaction plants. This is in line with Plug Power's previously announced strategy to build the first-of-a-kind green hydrogen generation network in the United States.
 

The hydrogen liquefaction plants will utilize Chart's helium refrigeration technology, cold box design, and the associated rotating equipment. This order includes the supply of the hydrogen liquefaction system, liquid hydrogen storage tanks, and trailer loadout bays. Delivery is scheduled for the second quarter of 2022.The liquefication system will utilize gaseous hydrogen from Plug Power's in-house electrolyzers and renewable electricity. The US-based plants will be located in the Mid-Atlantic and Southeast, and are expected to be online before the end of 2022.

"We are proud to be a partner to Plug Power as they execute on their strategic global buildout in the hydrogen industry," stated Jill Evanko, Chart's CEO and President. "Their global vision is already demonstrated in the increasing demand for Plug's hydrogen value chain, and we are pleased to contribute our liquefaction and equipment capabilities to Plug Power's vision."   

"We are pleased to continue our collaboration with CHART industries as we execute on our green hydrogen strategy with plans to produce 1,000 tons of green hydrogen globally by 2028," said Andy Marsh, CEO of Plug Power.