Costs and Supply Security in Focus: Plug Power Strengthens Hydrogen Network Expansion – Supply Partnership Extended Through 2030

Slingerlands, USA – Plug Power has announced the signing of a new, multi-year, expanded supply agreement with a leading U.S.-based industrial gas company and longtime hydrogen partner, extending the partnership through 2030. The stock is rising.

According to Plug Power, the agreement extends the existing strategic partnership between the two companies, ensuring a reliable hydrogen supply for the growing application segment while significantly reducing the cost structure.

The new contract stipulates that the strategic partner will continue to supply liquid hydrogen, now under improved economic terms. Plug Power expects the deal to strengthen margins, increase operational flexibility, and enhance the company's ability to serve growing customer demand across a base of more than 275 hydrogen-consuming customer sites. “ his expanded agreement supports our mission to build on our already robust and resilient hydrogen network in the U.S.,” commented Plug Power CEO Andy Marsh on the deal.

The agreement is part of Plug Power’s broader strategy to improve margins and expand its hydrogen infrastructure. Currently, the company operates production sites in Georgia, Tennessee, and Louisiana, with a total capacity of 40 tons of liquid hydrogen per day. More than 40 new sites are planned to be added by 2025.

Plug Power is pursuing a hybrid approach: in addition to expanding its own hydrogen production, the company is relying on supply contracts to respond quickly to rising demand and to avoid supply bottlenecks. According to Plug, such partnerships are essential for “conserving resources and strengthening partnerships along the entire value chain.”

The contract extension comes in the context of new regulatory frameworks in the U.S. that support the development of the hydrogen sector and provide further momentum for expanding the hydrogen economy in the country.

After the first three trading days of this week, Plug Power’s stock leads the RENIXX index with a strong gain of 25.2%, reaching €1.54 (closing price, July 9, 2025, Stuttgart Stock Exchange). In today’s trading, the stock has slightly declined and is currently at €1.48.

Source: IWR Online, 10 Jul 2025