PLUG Plug Power Inc.

Plug Secures First International PEM Electrolyzer Certification in Korea

Plug Secures First International PEM Electrolyzer Certification in Korea

Final step completed to enable the commercial sale of Plug electrolyzer systems in Korea

LATHAM, N.Y., May 01, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, secured the first international safety and performance certification in Korea for electrolyzer manufacturing, enabling the commercial sale of Plug electrolyzer systems in the Korean market. This achievement was completed through Plug's collaboration with SK E&S in the form of SK Plug HyVerse, a joint venture aimed at advancing the hydrogen sector within the Asian market.

Plug achieved certification of its EX425D – a 1 MW (megawatt) PEM (proton exchange membrane) electrolyzer that produces up to 425 kg (kilograms) per day of green hydrogen – to the Korean Gas Safety (KGS) Corporation Standard AH271 for Facility/Technical/Inspection Code for Manufacture of Water Electrolysis Hydrogen Generator.

As part of the certification process, KGS approved Plug’s Rochester Gigafactory for electrolyzer stack production and Plug partner Alpha ECC’s manufacturing facility in Vietnam for system production and assembly.

“We are pleased to have achieved this critical certification and look forward to supporting decarbonization goals in Korea,” said Plug CEO Andy Marsh. “As the first company to receive this certification and over five decades of operational expertise backing our PEM stack technology, we are in a unique position as the first mover for PEM electrolyzers in the Korean market.”

SK Plug HyVerse is nearing the completion of a project on Jeju Island, Korea, to support hydrogen-powered heavy-duty trucks. Additionally, the SK Plug HyVerse is expanding its efforts to build over 25 hydrogen fueling stations across South Korea and has developed a hydrogen-powered bus using Plug's ProGen module that will reach mass production by year's-end.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

With plans to operate a green hydrogen highway across North America and Europe, Plug built a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and is developing multiple green hydrogen production plants targeting commercial operation by year-end 2028. Plug delivers its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications.

For more information, visit .

Plug Power Safe Harbor Statement

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“PLUG”), including but not limited to statements about: Plug’s projected PEM electrolyzer sales; Plug’s commercial success in the Korean market; Plug’s ability to advance the hydrogen sector within the Asian market; the ability for Plug’s PEM electrolyzer to produce up to 425 kg per day of green hydrogen; Plug’s ability to support decarbonization goals in Korea; Plug’s position as the first mover for PEM electrolyzers in the Korean market; Plug’s commitment to support its joint ventures; and Plug’s ability to mass produce its ProGen module by year's-end. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2023 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

MEDIA CONTACT

Fatimah Nouilati

Allison

 



EN
01/05/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Plug Power Inc.

 PRESS RELEASE

Plug Power CEO Andy Marsh to Join Senator Bill Cassidy at Louisiana En...

Plug Power CEO Andy Marsh to Join Senator Bill Cassidy at Louisiana Energy Security Summit SLINGERLANDS, N.Y., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Plug Power (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announces that CEO Andy Marsh will join U.S. Senator Bill Cassidy (R-LA) and national energy leaders today, Thursday, October 16, 2025, at the Louisiana Energy Security Summit, hosted by the American Council for Capital Formation (ACCF). Attendees are gathering to discuss how U.S. companies are strengthening energy independence and industrial ...

 PRESS RELEASE

Plug Participating in TD Cowen Non-Deal Roadshow in Canada

Plug Participating in TD Cowen Non-Deal Roadshow in Canada SLINGERLANDS, N.Y., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced its participation in a non-deal roadshow hosted by TD Cowen taking place this week in Montreal and Toronto, Canada. These investor meetings continue Plug’s ongoing commitment to transparent communication, disciplined execution, and strong engagement with the financial community. Details for Non-Deal Participants: Paul Middleton, CFO, Plug PowerRoberto ...

 PRESS RELEASE

Plug Participating in Concurrent Non-Deal Roadshows in Paris and Bosto...

Plug Participating in Concurrent Non-Deal Roadshows in Paris and Boston SLINGERLANDS, N.Y., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, announced today its participation in two concurrent non-deal roadshows taking place this week in Paris and Boston. These simultaneous investor meetings reinforce Plug’s ongoing commitment to open communication, disciplined execution, and strong engagement with the financial community. Details for Non-deal Roadshow: Redburn Atlantic – CFO Paul Middleton pa...

 PRESS RELEASE

Plug Power Successfully Raises $370 Million From Warrant Inducement Tr...

Plug Power Successfully Raises $370 Million From Warrant Inducement Transaction With the Potential to Receive an Additional $1.4 Billion in Gross Proceeds if New Warrants are Fully Exercised Warrant Exercise by Existing Institutional Investor Improves Plug Power's Financial Position and Accelerates Its Growth Initiatives SLINGERLANDS, N.Y., Oct. 08, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG) (“Plug Power” or the “Company”), a global leader in comprehensive hydrogen solutions for the hydrogen economy announced that it has entered into a warrant inducement agreement with a si...

 PRESS RELEASE

Plug Power Names Jose Luis Crespo as Incoming CEO to Succeed Long-Term...

Plug Power Names Jose Luis Crespo as Incoming CEO to Succeed Long-Term Leader Andy Marsh CEO transition to take effect in March 2026 SLINGERLANDS, N.Y., Oct. 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: PLUG), a global leader in end-to-end hydrogen solutions for the hydrogen economy, today announces the appointment of Jose Luis Crespo as President, effective as of October 10, 2025, and as its new Chief Executive Officer, to be effective as of the date the company files its Annual Report on Form 10-K for the year ended December 31, 2025, expected March 2026. Mr. Crespo will succeed Mr. Andy Ma...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch