- Plug Power Inc. will receive grants for nine projects covering clean hydrogen electrolysis and manufacturing.
- The firm will benefit from almost $163 million in funding.
Plug Power Inc. will receive grants for nine projects covering clean hydrogen electrolysis, manufacturing, and recycling activities from the US Department of Energy (DoE).
The US Energy Department will release a total of USD 750 million (EUR 688 million) in grant funding to 52 projects across 24 states in a drive to dramatically reduce the cost of clean hydrogen.
Also, Plug will benefit from almost USD 163 million in funding. The largest single award the company will get as a “project lead” amounts to $45.7 million.
This sum will be used to scale PEM electrolyser stack manufacturing to a multi-gigawatt scale. “This project will automate membrane electrode assembly fabrication and stack assembly and enable automated inspection with machine learning to accelerate factory acceptance testing.”
Furthermore, the DEO funding is being allocated under six topic areas: Low-Cost, High-Throughput Electrolyser Manufacturing; Electrolyser Component and Supply Chain Development; Advanced Technology and Component Development; Advanced Manufacturing of Fuel Cell Assemblies and Stacks; Fuel Cell Supply Chain Development; and Recovery and Recycling Consortium.
Chief executive Andy Marsh noted that the grant will profoundly impact the company’s manufacturing capabilities in fuel cell and electrolyser Membrane Electrode Assemblies (MEAs) and stacks.