Plug Power Advances 30-Megawatt Barrow Green Hydrogen Project in the U.K.
Jun 4, 2026 (1 days ago)
Neutral
Plug Power has reached a final investment decision for its 30-megawatt Barrow Green Hydrogen project, marking a significant step in its international expansion and green hydrogen infrastructure development.
Barrow Green Hydrogen Project Development
- Plug Power finalized the investment decision for a 30-megawatt project in the U.K. to supply electrolyzers under the government's Hydrogen Business Model.2
- The facility will utilize six 5 MW GenEco PEM electrolyzers, streamlining the timeline from initial award to equipment delivery and final commissioning.2
- This project aims to significantly reduce carbon emissions at Kimberly-Clark’s manufacturing site located in Barrow-in-Furness.2
Financial and Operational Targets
- Management is prioritizing gross margin improvements and has set a target to achieve positive EBITDAS by the fourth quarter of 2026.1
- The company continues to focus on generating revenue through a combination of equipment sales, service contracts, and long-term green hydrogen supply agreements.4
- Current financial metrics include a trailing twelve-month revenue of approximately $740 million.1
Strategic Infrastructure Expansion
- Plug Power is building an end-to-end green hydrogen ecosystem, encompassing production, storage, delivery, and energy generation capabilities.2
- The company is actively developing green hydrogen highways across North America and Europe to support logistics, e-mobility, and industrial applications.2
- Core operations include the development and installation of hydrogen-based fuel cell systems and electrolyzers to serve diverse industrial sectors.5
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Plug Power Inc stock (US72919P2020): B. Riley lifts price target as shares trade below USD 4
Plug Power Inc stock (US72919P2020): B. Riley lifts price target as shares trade below USD 4
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