Plug Power and ACCIONA Energía Launch AccionaPlug to Address Green Hydrogen Market in Spain and Portugal - Seite 2

“ACCIONA Energía and Plug Power are putting together the capabilities needed to provide the market with reliable and competitive green hydrogen solutions. AccionaPlug is the platform that will leverage ACCIONA Energía´s presence and track record in renewable energy and Plug Power’s technology and knowledge in the hydrogen sector to ramp up the deployment of green hydrogen”, said Alan Ripa, CEO for AccionaPlug. “We are delighted to start working with stakeholders that want to join us in this exciting journey to decarbonize the economy with renewable hydrogen. This partnership reflects the commitment of ACCIONA Energía and Plug Power in the fight against climate change.”

AccionaPlug is already advancing on its ambitious goal of bringing green hydrogen to Spain and Portugal. The new venture is actively working to develop multiple plants, including several 15 tons per day green hydrogen production plants to reliably serve demand in the industrial and emerging mobility sectors.

The EU and member state governments are prioritizing the green hydrogen economy in their climate and economy recovery strategies. Announced in July 2020, the European Union’s Hydrogen Strategy supports installing at least 6 gigawatts (GW) of renewable hydrogen electrolyzers in the EU and producing one million tons of renewable hydrogen by 2024.

Spain and Portugal are set to play a leading role in the European economy pathway to decarbonization, benefiting from the highest levels of renewable resources. The Spanish government put forward its own hydrogen roadmap in October 2020 and Portugal approved its hydrogen roadmap in August 2020.

About Plug Power
Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell technology. As a result, the Company has deployed over 50,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, Ikea, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers.