Plug To Deliver Two 30-Tons-Per-Day Hydrogen Liquefaction Systems to TC Energy
LATHAM, N.Y., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, has been awarded an order to deliver two 30-tons-per-day (TPD) hydrogen liquefaction systems (also known as hydrogen liquefiers) to TC Energy Corporation (TSX, NYSE: TRP). These 30TPD hydrogen liquefaction systems utilize a hydrogen refrigeration cycle and bring to market one of the most energy efficient designs to date.
Liquid hydrogen has superior energy density than gaseous hydrogen, making it easier to transport and use in hard-to-decarbonize sectors. By liquifying hydrogen with Plug’s highly efficient and reliable liquefaction systems, TC Energy will achieve significant cost savings, broader distribution coverage and overall energy efficiency with minimal hardware.
Through the acquisition of Joule Processing LLC in 2022, Plug gained core competency in liquefaction systems known for their operational efficiency, flexibility and reliability. Plug’s hydrogen liquefaction system has one of the most energy-efficient designs on the market utilizing hydrogen as the refrigerant in the main liquefaction cycle. This leads to the most efficient and cost-effective product on the market. In addition to bringing this system to market, Plug is also utilizing the systems in its nationwide network of green hydrogen generation plants including Texas, California and other locations.
“As a global leader in manufacturing reliable hydrogen liquefiers, Plug is focused on optimizing both capital and operational efficiency for our customers at every stage of the hydrogen value chain,” said Andy Marsh, CEO of Plug. “This deal validates our investment in Plug’s liquefaction capabilities as part of our vision to build an end-to-end green hydrogen solution. We share TC Energy’s commitment to providing sustainable and secure energy, and together we look forward to accelerating the growth of the hydrogen market.”
“TC Energy is advancing decarbonization solutions across Canada and the United States,” said Corey Hessen, TC Energy, executive vice president and president, Power & Energy Solutions. “Securing long-lead equipment and systems gives us a head start as we move to finalizing sites for hydrogen production and distribution hubs.”
The two hydrogen liquefiers are scheduled for delivery in Q2-Q3 2024 and will serve TC Energy facilities in North America that are not yet operational.