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    a photo of Plug’s Liquid Hydrogen Filling and Transportation from the Georgia Green Hydrogen Plant
    1. Utilities/Energy

    Plug Power Secures $1.66B Federal Loan for Green Hydrogen Projects

    Jan. 20, 2025
    The Department of Energy funding will support up to six U.S. facilities, starting with a wind-powered plant in Texas, as the fuel cell developer expands its hydrogen production network across North America.

    Hydrogen fuel cell systems developer Plug Power Inc. closed a $1.66 billion loan guarantee from the U.S. Department of Energy to fund up to six planned projects throughout the United States, the company said in a Jan. 16 news release.

    Plug Power’s Graham, Texas, green hydrogen plant, powered by an adjacent wind farm, is the first facility to receive funds from the loan, according to the company. 

    The company, based in Slingerlands, New York, has plans to operate a “green hydrogen highway across North America and Europe.” 

    Plug Power is developing multiple green hydrogen production plants with commercial operation scheduled to begin by year-end 2028. 

    The company has deployed more than 69,000 fuel cell systems and over 250 fueling stations. Plants currently operational in Woodbine, Georgia, Charleston, Tennessee, and St. Gabriel, Louisiana, have a total liquid hydrogen production capacity of approximately 45 tons per day.

    About the Author

    Jonathan Katz | Executive Editor

    Jonathan Katz, executive editor, brings nearly two decades of experience as a B2B journalist to Chemical Processing magazine. He has expertise on a wide range of industrial topics. Jon previously served as the managing editor for IndustryWeek magazine and, most recently, as a freelance writer specializing in content marketing for the manufacturing sector.

    His knowledge areas include industrial safety, environmental compliance/sustainability, lean manufacturing/continuous improvement, Industry 4.0/automation and many other topics of interest to the Chemical Processing audience.

    When he’s not working, Jon enjoys fishing, hiking and music, including a small but growing vinyl collection.

    Jon resides in the Cleveland, Ohio, area.

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