Arcadia eFuels Taps Plug Power for 280 MW Electrolyzer System
11 Octubre 2023 - 7:57AM
Arcadia eFuels Taps Plug Power for 280 MW
Electrolyzer System
Arcadia eFuels has selected Plug Power Inc. (NASDAQ:
PLUG), a comprehensive provider of turnkey hydrogen solutions for
the global green hydrogen economy, to provide a 280 MW
(megawatt) proton exchange membrane (PEM) electrolyzer
system to Arcadia’s Vordingborg plant for the
production of sustainable aviation fuel (SAF). Arcadia
eFuels CEO Amy Hebert and Plug CEO Andy Marsh held a ceremony
commemorating the deal at Plug’s annual Symposium.
Harnessing Denmark’s plentiful wind
power, Arcadia eFuels Vordingborg site will
utilize Plug’s electrolyzer
technology to produce approximately 120 tons
per day (TPD) of green hydrogen. The green
hydrogen will then
be combined with biogenic CO2 to produce
syngas. Further processing of the
syngas will generate carbon-neutral
sustainable aviation fuel that meets
the requirements of RFNBO (Renewable Fuels of
Non-Biological Origin) in preparation for the European
Mandates on aviation fuel.
Demand for sustainable aviation fuel is driven by European
Commission requirements to supply 70 percent of fuel
consumption at EU (European Union) airports by 2050 with
the first mandates starting in 2025.
Arcadia eFuels has commenced a Front-End Engineering and Design
(FEED) study to support a Final Investment Decision (FID)
and move the project to execution phase, expected by
mid-2024. Arcadia eFuels projects
a commercial operation date towards the end of
2026.
“This contract with Arcadia eFuels establishes us as
the preferred provider for green hydrogen solutions that
decarbonize the hydrocarbon fuel sector,” noted Andy Marsh, CEO of
Plug. “We look forward to continuing our partnership with
Arcadia eFuels as they pursue plans for rapid growth and
expansion.”
“The global demand for eFuels continues to grow, and in order to
meet these demands, we must build production plants at
commercial scale,” said Amy Hebert, CEO of Arcadia eFuels. “Our
partnership with Plug is crucial to ensuring that our
commercial facilities will be able produce clean,
green, decarbonized fuel for the aviation and
logistics verticals.”
For more information about Plug’s electrolyzer
products, please visit plugpower.com.
About PlugPlug 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. 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 180 fueling
stations, more than anyone else in the world, and is the largest
buyer of liquid hydrogen.
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 year end 2025. 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. For more information,
visit www.plugpower.com.
About Arcadia eFuelsArcadia eFuels is committed
to building facilities to produce the world’s future fuels. These
net-zero carbon fuels will allow the transportation sector, namely
aviation and shipping, to use eFuels directly, without changes to
existing engines and infrastructure. Arcadia eFuels aims to produce
eFuels around the world to help meet the aviation industry’s
decarbonization goals. Please
visit www.arcadiaefuels.com to learn more or contact us
at info@arcadiaefuels.com.
Plug Power Safe Harbor Statement
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. (“PLUG”), including but not limited to
statements about: Arcadia eFuels Vordingborg site utilizing Plug’s
electrolyzers to produce approximately 120 tons per day (TPD) of
green hydrogen. The green hydrogen being combined with biogenic CO2
to produce syngas and such syngas being further processed to meet
RFNBO standards for aviation fuel. Timing around a Final Investment
Decision (FID) and the project moving to execution phase by
mid-2024. Commercial operation date projections towards the end of
2026. Plug building multiple green hydrogen production plants that
may yield up to 500 tons of liquid green hydrogen daily by year end
2025. Such statements are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in these statements. For a further description of
the risks and uncertainties that could cause actual results to
differ from those expressed in these forward-looking statements, as
well as risks relating to the business of PLUG in general, see
PLUG’s public filings with the Securities and Exchange Commission
(the “SEC”), including the “Risk Factors” section of PLUG’s Annual
Report on Form 10-K for the year ended December 31, 2022 and any
subsequent filings with the SEC. Readers are cautioned not to place
undue reliance on these forward-looking statements. The
forward-looking statements are made as of the date hereof, and PLUG
undertakes no obligation to update such statements as a result of
new information.
MEDIA CONTACT:
Plug PowerKristin
MonroeAllison+PartnersplugPR@allisonpr.com
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