PLUG - Plug Signs 3 GW BEDP Contract with Allied Green Ammonia for Electrolyzer Project in Australia | Benzinga
LATHAM, N.Y., May 16, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the signing of a Basic Engineering and Design Package (BEDP) with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, for a three-gigawatt (GW) electrolyzer plant supplying hydrogen to AGA's planned ammonia facility proposed for the Northern Territory of Australia.
Plug's BEDP offering is instrumental for project owners like AGA to support their Front-End Engineering Design (FEED) and incorporate Plug's electrolyzers into the basic design of the overall plant, enabling project owners to make the final investment decision (FID). The FID for AGA's hydrogen-to-ammonia facility, with a capacity of 2,700 metric ton-per-day (TPD) green ammonia, is planned for Q4 2025.
The BEDP contract announcement follows the recently announced memorandum of understanding for the supply of Plug's Proton Exchange Membrane (PEM) electrolyzers with delivery slated to begin in Q1 2027.
"Moving this major green hydrogen-to-ammonia project to the BEDP phase is a sign of its maturity in the development process," noted Plug CEO Andy Marsh. "In total, we now have 7.5 GW of BEDP contracts globally to support our growth targets."
Alfred Benedict, Founder & Managing Director of AGA, said: "Our contract with Plug builds on a long list of leading global firms who are joining us on our journey to build one of the largest green ammonia production facilities in the world, in a strategically located part of Australia given its proximity to Asia. This BEDP agreement is a significant milestone in the development of Allied Green's facility, which will be one of the most efficient green hydrogen and green ammonia projects globally. Given our respective track records in delivering clean energy infrastructure, this agreement is a critical first step and a testament to the alignment of our respective visions to provide tangible solutions that enable the world to achieve net-zero."
Green hydrogen produced by Plug's electrolyzers can help decarbonize the ammonia production process by displacing Steam Methane Reforming (SMR) techniques. In addition to its environmental advantages, Plug's pressurized (40 bar) electrolyzer decreases downstream compression requirements, and ...