Plug Power Secures 275-Megawatt Electrolyzer Contract for Green Ammonia Production

Apr 25, 2026 (9 hr ago)
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Plug Power Secures 275-Megawatt Electrolyzer Contract for Green Ammonia Production
Plug Power has been awarded a major 275-megawatt PEM electrolyzer contract for Hy2gen Canada’s Courant project, marking a significant expansion in its industrial hydrogen infrastructure capabilities.

Electrolyzer Contract Award

  • Plug Power will supply a 275-megawatt GenEco PEM electrolyzer system for the Courant project in Canada.1
  • The project focuses on producing low-carbon ammonia, which will be utilized specifically for the manufacturing of mining explosives.1

Quarterly Financial Performance

  • The company reported quarterly revenue of $225.2 million, surpassing the consensus estimate of $217.77 million.1
  • Plug Power recorded a loss of 63 cents per share during the most recent quarter.1
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Plug Power Secures 275-Megawatt Electrolyzer Contract for Green Ammonia Production | Foxly Invest