Plug Power secured an order for 25MW electrolyzer from BP

Plug Power has secured an order for 25 MW of PEM electrolyzer systems from bp and Iberdrola’s joint venture, Castellón Green Hydrogen S.L., to decarbonize operations at bp’s Castellón refinery in Valencia, Spain, by avoiding an estimated 23,000 tons of CO₂ emissions per year.
Using five of Plug’s 5-MW containerized PEM electrolyzers, the green hydrogen produced will replace part of the refinery’s current use of gray hydrogen generated from natural gas in its operations.

This deal marks the beginning of a long-term partnership and represents the first step in decarbonizing bp’s operations. The project will be developed in phases, with potential expansion up to 2 GW of electrolysis capacity.

“The selection of Plug’s technology for this project serves as a clear example of our established industry expertise and proven technology,” stated Plug CEO Andy Marsh. “Industry experts have highlighted the immense market potential for green hydrogen in Europe as being a key factor for reaching European Union decarbonization targets. This presents a significant opportunity for Plug, and we have the market knowledge and technology readily available to make a substantial impact.”