Plug Power signs binding deal to supply 3GW of electrolysers to Australian green hydrogen project

Plug Power has signed a binding framework agreement to supply up to 3GW of electrolysers to Allied Green Ammonia (AGA), an Australian firm planning a green ammonia project in Australia’s Northern Territory.

 

The binding deal — which comes ahead of a final sales and purchase agreement between the pair — would see Plug supplying the proton exchange membrane (PEM) machines to AGA’s plant from its gigafactory in New York state from late 2026 or early 2027, the pair said today (Monday).

 

It follows on from a memorandum of understanding (MOU) signed by Plug and AGA in May, alongside a basic engineering and design package.

 

AGA has scheduled a final investment decision next year on its green ammonia production facility on the Gove Peninsula, for which it has earmarked 2027 for first operation.

 

The plant would produce around 2,700 tonnes per day of green hydrogen-based ammonia — or nearly one million tonnes per year — from renewable sources, for export to Europe and Asia.

 

AGA is a member of the German-Australian Hydrogen Alliance, which aims to foster trade of green hydrogen and its derivatives between renewables-rich Australia and customers in Germany.

 

“Our collaboration with Plug Power builds on our team’s substantial work over many years that will enable us to efficiently harness the power of electrolysis-based hydrogen and, drastically reduce carbon emissions in the ammonia production process,” said Alfred Benedict, managing director of Allied Green.

 

“The finalisation of the supply agreement is one of the last major milestones for our project to progress to final investment decision (FID), which is expected imminently.”

 

Source: HydrogenInsight