NFE and Plug Power to form a joint venture.

New Fortress Energy, an integrated gas-to-power company, and Plug Power, a provider of turnkey hydrogen solutions, agreed to form a joint venture for a 120 MW industrial-scale green hydrogen plant. Financial terms were not disclosed. “We are pleased to enter into this agreement that marks the beginning of our collaboration with Plug, a leader in electrolysis technology that shares our vision for the role of hydrogen in accelerating a clean and secure energy transition around the world. Amid an increasingly favorable U.S. policy environment for hydrogen, we are focused on scalable solutions that have a real impact on decarbonization and believe we are uniquely positioned to be an early mover in this vast and rapidly evolving market," Wes Edens, New Fortress Energy Chairman and CEO.