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Plug Launches Industry’s First Spot Pricing for Green Hydrogen

New Energy / 2025. 2. 10. 08:06

SLINGERLANDS, N.Y., Feb. 05, 2025 (GLOBE NEWSWIRE) — In a significant move towards a more flexible and dynamic green hydrogen market, Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has introduced the first-ever spot pricing program for liquid green hydrogen, marking a major step forward in the industry.

Hydrogen buyers now have the freedom to purchase liquid green hydrogen from Plug’s production plants on-demand and without the limitations of long-term take-or-pay agreements. The flexibility provided by this new spot market allows customers like retailers, industrial manufacturers, and power plant operators to optimize their hydrogen sources efficiently, reacting swiftly to fluctuating energy demands without being tied down by long-term contracts.

In an early sign of success, Plug has entered into spot pricing agreements with several key industry players. Among these, a spot agreement with one of the largest industrial gas companies underscores widespread industry endorsement. Looking forward, the ripple effects of this innovative pricing model could redefine supply dynamics and cost structures across the entire green hydrogen ecosystem.

Andy Marsh, CEO of Plug Power, said :

Our pioneering spot pricing program is a testament to Plug’s commitment to customer-centric innovation,

“By adapting to market demands in real-time, we are not only enhancing the accessibility and affordability of green hydrogen but also accelerating its adoption across various sectors.”

Each Thursday, S&P Global Platts will publish a price for the following week based on Plug’s supply and demand at the current time. Customers must have a spot agreement in place with Plug. If customers want to purchase hydrogen at the published price, Plug will execute a transaction agreement to accept a customer tanker at one of its plants for a fill.

All Plug operating plants in Woodbine, Ga., Charleston, Tenn., and St. Gabriel, La., with a combined liquid hydrogen production capacity of approximately 45 tons per day, participates in the spot pricing program. Plug, the third-largest producer of liquid hydrogen in North America, is the only producer of liquid green hydrogen on a commercial scale.

Plug President Sanjay Shrestha, added :

As our hydrogen demand experiences peaks and valleys, our unique spot pricing initiative will allow us to run our plants more efficiently, maintaining economies of scale and scope, and ultimately, maximizing return on capital investment,

By spearheading this transformative change, Plug solidifies its leadership in the green hydrogen ecosystem while contributing significantly to the global market for sustainable and renewable energy solutions.

Marsh explained,

We believe this initiative will increase trust and transparency in the industrial hydrogen market,

“In five years, we anticipate most buyers will tap into the spot market to benefit from the flexibility it offers them.”

 

Plug Launches Industry's First Spot Pricing for Green Hydrogen - Hydrogen Central

 

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SunHydrogen technology rendered highly efficient

카테고리 없음 / 2025. 2. 10. 08:02

SunHydrogen, Inc., the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, shared strong test results from a recent trip to Japan where members of the SunHydrogen team collaborated with consultants Prof. Kazunari Domen, Dr Hiroshi Nishiyama, and Dr Taro Yamada at the University of Tokyo and visited the Honda R&D facility in Tochigi.

Breakthrough in large area solar-to-hydrogen efficiency

At Prof. Domen’s laboratory at the University of Tokyo, SunHydrogen conducted large-area solar testing of its 1200 cm² hydrogen modules, manufactured in collaboration with CTF Solar, that comprised the company’s recent 1 m² demonstration system.

SunHydrogen is pleased to report that the 1200 cm² modules demonstrated an active-area solar-to-hydrogen efficiency of 9%. Importantly, this marks the highest reported efficiency for a hydrogen module of this size.

Previously, SunHydrogen validated an efficiency exceeding 10% in its 100 cm² hydrogen modules, tested at Honda R&D. The current results demonstrate that even after scaling up tenfold, the company remains close to the 10% active-area efficiency threshold – an achievement that underscores the viability of its technology at larger scales.

Additionally, the modules were tested under wide temperatures, ranging from 5°C to 40°C and their efficiency remained stable across the full temperature range. The team utilised a state-of-the-art LED solar simulator, uniquely capable of simulating the solar spectrum over a large enough area to test modules of this scale.

“Scaling up tenfold presents unique challenges, and we are extremely pleased to have maintained such high efficiency in our first large-area test. To our knowledge, this remains the highest reported efficiency for a hydrogen module of this scale,” said SunHydrogen’s CEO Tim Young.

“These results give us confidence that with further design optimisation, including maximising active water-splitting area and refining catalyst loading, we can push efficiencies to 10% and beyond in future generations of larger modules,” added SunHydrogen’s Chief Technology Officer Dr Syed Mubeen. “We are also thrilled to come away from this trip with critical data confirming the stability of our hydrogen modules under varying temperatures.”

Advancing real-world testing with Honda

Following its laboratory testing at the University of Tokyo, the SunHydrogen team visited its joint development partners at Honda R&D in Tochigi, Japan. At their facilities, the team observed on-sun rooftop testing of SunHydrogen’s 100 cm² hydrogen modules.

“We were particularly impressed by Honda’s innovative housing unit design, which enables hydrogen and oxygen separation without the use of membranes – a first-of-its-kind approach – and we will continue ongoing testing of the 100 cm² modules,” Dr Mubeen said.

Honda aims to test SunHydrogen’s 1200 cm² modules under on-sun conditions using a similar rooftop setup, and SunHydrogen is eager to utilise the performance data from these extended tests to further refine its module design.

“Our visit to Japan provided valuable insights and key validation for SunHydrogen’s technology in both controlled laboratory conditions and real-world outdoor environments,” Mr Young said. “The University of Tokyo’s unique solar simulator enabled the most comprehensive and precise efficiency testing of our large-area modules to date, while Honda’s membrane-free separation approach represents a significant milestone in real-world implementation. We extend our sincere gratitude to the entire Honda R&D team under the leadership of Mr Yuichi Matsuo, as well as to Prof. Domen, Dr Yamada and Dr Nishiyama.”

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Posted by Morning lark
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ITM to jointly develop standard design configuration for 10-MW green hydrogen production plant

New Energy / 2025. 2. 10. 07:54

ITM has been contracted by a European energy company to jointly develop a standard design configuration for a 10-MW green hydrogen production plant.

 

The design will combine two of ITM’s NEPTUNE V plug-and-play 5-MW containerised electrolyser systems, utilising the company’s TRIDENT stack technology.

 

This plant design is intended to be deployed in several projects across the UK, which has ambitious targets for producing green hydrogen, with the aim of achieving 6 GW of installed capacity by 2030, aided by the Hydrogen Allocation Rounds (HAR).

 

Dennis Schulz, ITM CEO, said: “This agreement with yet another large-scale European energy company further cements NEPTUNE V as the clear leader in its class. The 10-MW configuration will allow our customer to deploy projects rapidly across the UK.”

 

Source:   Hydrogentechworld

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