Plug Power Inc (PLUG) News & EventsPLUGPlug Power Inc

Plug Power Signs 280 MW Electrolyzer Supply Agreement with Arcadia eFuels

Plug Power announced it has signed a 280-megawatt GenEco electrolyzer supply agreement with Arcadia eFuels for Project ENDOR in Denmark, together with a strategic cooperation agreement covering Arcadia's future projects. The agreement follows three years of joint engineering work, and deliveries will begin after the project issues notice to proceed. The strategic cooperation agreement extends the relationship beyond ENDOR. It positions Plug as the preferred electrolyzer supplier for four additional Arcadia eFuels projects in Europe and the Americas, representing more than 1 GW of potential electrolyzer capacity, along with priority access for Arcadia eFuels to Plug's manufacturing capacity as each project advances.

Plug Power Ships 1 MW Electrolyzer to HWR Hydrogen

Plug Power announced the shipment of a 1 MW GenEco PEM electrolyzer to HWR Hydrogen, a division of H.W. Richardson Group Limited, expanding Plug's GenEco footprint across New Zealand and Australia. The unit will be installed at HWR Hydrogen's refueling station in Invercargill, New Zealand, where it will produce hydrogen to support HWR's fleet of dual-fuel hydrogen-diesel heavy trucks. "What's important about this project isn't simply the size of the electrolyzer. It's what it represents," said Jose Luis Crespo, CEO of Plug. "Plug is building a strong presence alongside this emerging market, with the technology and experience to support projects at every scale. As hydrogen adoption grows across New Zealand and Australia, we're positioned to grow with it."

Plug Power Signs Deal with Stream, Targeting Over $275M in Liquidity Improvement

Plug Power announced two transactions with Stream US Data Centers, which collectively target more than $275M in liquidity improvement through a combination of asset monetization, release of restricted cash, and reduced maintenance expenses. In addition, Stream and Plug Power are now also actively exploring other opportunities for Plug to deploy its products into the data center industry. Plug previously announced in February 2026 that it had entered into a definitive agreement to sell its interest in the New York Gateway Project to Stream. As the parties continued to work toward satisfaction of the transaction's closing conditions, including applicable regulatory and project-related approvals, the parties agreed to restructure the transaction into a staged closing and to enter into a definitive agreement for the sale of Plug's Graham, Texas Project. Plug has signed a definitive agreement to sell its Graham, Texas Project, comprised of land and associated 164 MW of grid interconnection assets, to Stream for up to $76.5M, with $50M to be paid at closing and up to $26.5M based on the load capacity that will be confirmed in the final interconnection agreement with the Texas utility. The closing is expected on or about July 31, subject to the satisfaction of closing conditions. The sale is also expected to enable the release of approximately $14M of cash collateral currently supporting letters of credit/security payments, following the transfer of the applicable interconnection-related obligations and security arrangements to Stream. In total, this transaction is expected to provide up to approximately $90.5M of total liquidity. Plug and Stream have amended the purchase and sale agreement for the Gateway Project as follows: Stream's prior $6.5M escrow deposit will be promptly released to Plug; Stream will make a new $10M escrow deposit toward its purchase of land at the Gateway site; the closing provisions have been amended to enable the near-term sale of the land; and the long-stop closing date for the sale of non-land assets has been extended to March 31, 2027 to afford additional time for completion of the applicable New York State environmental and regulatory review processes and satisfaction of the remaining closing conditions. As amended, the purchase price is fixed at $142M. Combined with a $5M advance received earlier this year, Stream will have paid $21.5M to Plug against the purchase price upon release of the escrow deposits described above. Plug will retain ownership of the substation and interconnection assets, along with a repurchase right over the land, until the second closing.