PLUG Plug Power Inc.

Plug 1MW Electrolyzer Commissioned at World’s First Floating Offshore Green Hydrogen Production Site

Plug 1MW Electrolyzer Commissioned at World’s First Floating Offshore Green Hydrogen Production Site

World’s first site for the production of hydrogen at sea

from offshore wind power relying on Plug’s leading electrolyzer technology

Capacity to produce up to 400 kg of green hydrogen a day

LATHAM, N.Y., Sept. 23, 2022 (GLOBE NEWSWIRE) -- (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Lhyfe, one of the world’s pioneers in the production of green and renewable hydrogen, announced yesterday the world’s first production of hydrogen at sea on a floating platform with a Plug state-of the-art 1-megawatt electrolyzer on an offshore green hydrogen production site in Saint-Nazaire, France. Plug’s electrolyzer will be directly powered by off-shore wind turbines.

Plug’s marinized EX-425D 1-megawatt electrolyzer product will be the first electrolyzer operating on a floating platform under extreme conditions. The electrolyzer system has been marinized to meet acceleration, tilt and other marine specifications.

The project, named “Sealhyfe,” paves the way for leveraging offshore wind assets being built globally, and specifically, around the North Sea in Europe. The project will be operated for 6 months at the pier, then for 12 months off the coast of Le Croisic at the offshore testing site SEM-REV by French engineering school Centrale Nantes.

Lhyfe and Plug, having initiated a strategic relationship in have also executed an MoU to jointly develop 300 megawatts of green hydrogen plants across Europe by 2025. In , Plug announced a deal with Lhyfe to provide 50 megawatts of PEM electrolyzers for green hydrogen production, the company’s largest multi-site order in Europe.

“Today’s inauguration of Sealhyfe marks a pivotal moment for Plug and Lhyfe, demonstrating that green hydrogen is possible, not just in onshore projects, but offshore too,” Andy Marsh, CEO of Plug, said. “We’re proud to be instrumental in creating the world’s first offshore green hydrogen project, another first for Plug, Lhyfe, and the world.”

Sealhyfe is supported by the French energy and environment agency ADEME and the Pays de la Loire Region. The project was developed by a consortium, led by Lhyfe, who has managed all the engineering studies and will operate the production site, and includes Chantiers de L’Atlantique, GEPS Techno, Eiffage Énergie Systèmes, the Port of Saint-Nazaire and Kraken Subsea Solutions.The Plug-Lhyfe partnership expects to work together on future commercial off shore electrolyzer plants.

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 50,000 fuel cell systems and over 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver 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 .

About Lhyfe

Founded in 2017 in Nantes, Lhyfe produces and supplies green and renewable hydrogen for transportation and industry. Its production site and project sales pipeline should provide access to renewable hydrogen in industrial quantities, and enable the creation of a virtuous energy model benefiting the environment. The company is a member of France Hydrogène and Hydrogen Europe. Its first green hydrogen production plant was commissioned in September 2021. Lhyfe currently has a sales pipeline of more than 4.8 GW of total capacity that will help decarbonize industry and mobility. A research programme started in 2019 led to the start of a test phase in real conditions for the world’s first floating electrolyser connected to a floating wind farm, in autumn 2022. Lhyfe is listed on the Euronext Paris stock exchange (LHYFE - FR0014009YQ1).

For more information, please go to   

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 and Lhyfe’s strategic relationship with intentions to jointly develop 300 megawatts of renewable green hydrogen plants across Europe by 2025, including Plug supplying 50 megawatts of PEM electrolyzers for renewable green hydrogen production in Europe; The Lhyfe-Plug Power partnership future plans to develop offshore wind powered electrolyzer plants. 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, 2021 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 CONTACTS:



Plug

Caitlin Coffee

Allison+Partners

Lhyfe

Industry Press Relations

Nouvelles Graines

Clémence Rebours:

+33 (0) 6 60 57 76 43

A photo accompanying this announcement is available at



EN
23/09/2022

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’s Georgia Hydrogen Plant Sets U.S. Production Record Using ...

Plug Power’s Georgia Hydrogen Plant Sets U.S. Production Record Using Plug Electrolyzer Technology April 2025 Marks Industry-Leading Milestone with 300 Metric Tons of Liquid Hydrogen Produced WOODBINE, Ga., May 29, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, announced today that its hydrogen plant in Woodbine, Georgia produced 300 metric tons of liquid hydrogen in April 2025—the facility’s highest monthly output to date and a new benchmark for the U.S. hydrogen industry. The plant, which opened in January 2024, is the la...

Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Weekly Report: May 24, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

 PRESS RELEASE

Plug Power’s GenEco Electrolyzers Power Live Customer Demos at The Gre...

Plug Power’s GenEco Electrolyzers Power Live Customer Demos at The Green Box Innovation Hub Live Demonstration Site in the Netherlands Already Hosting Leading Industrial Plug Customers SLINGERLANDS, N.Y., May 20, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced that its GenEco electrolyzer systems are fully operational at The Green Box, a cleantech innovation campus in the Netherlands. The site features Plug’s 1 MW and 5 MW PEM electrolyzers, which are now running at load and actively supporting live demonstrat...

Plug Power Inc: 1 director

A director at Plug Power Inc bought 350,000 shares at 0.715USD and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch