MergerLinks Header Logo

Announced

NFE and Plug Power to form a joint venture.

Synopsis

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.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US