Plug Power completed the acquisition of Joule Processing for $160m.

Plug Power, a provider of turnkey hydrogen solutions, completed the acquisition of Joule Processing, a process solution and engineered equipment provider, for $160m. “Plug Power manufactures the best electrolyzer solution in the world today. And, we have the complete delivery network in place. The liquefier system is key to offering hydrogen in liquid form, which is ideal because of its superior energy density versus gaseous hydrogen, lower transportation cost and potential for powering trains, ships and airplanes. Joule’s capabilities complete this end-to-end green hydrogen solution for Plug Power, making us the only company in the world with such comprehensive offerings," Andy Marsh, Plug Power CEO.