Plug Power And Allied Green Expand Strategic Collaboration With New 2 GW Electrolyzer Deal In Uzbekistan

Plug Power Inc. (NASDAQ:PLUG) is among the 11 Best Hydrogen Stocks to Invest in Now. Plug Power Inc. (NASDAQ:PLUG) and Allied Green Ammonia announced a new 2 GW electrolyzer agreement on June 9, 2025, for a $5.5 billion sustainable fuels project in Uzbekistan. The agreement was signed at the Tashkent International Investment Forum and extends the parties’ global partnership to 5 GW, with Australia committing to 3 GW.

Plug Power Inc. (NASDAQ:PLUG)’s electrolyzer technology will power the production of sustainable aviation fuel, green urea, and green diesel in Uzbekistan, with government support. The project is based on Allied Green’s green ammonia facility in Australia, which is expected to be finalized in Q4 2025. Plug Power Inc. (NASDAQ:PLUG), led by CEO Andy Marsh and President Sanjay Shrestha, is positioning itself as a global leader in integrated hydrogen solutions, with deployments on five continents. The company operates more than 72,000 fuel cell installations, 275 fueling stations, and hydrogen plants in Georgia, Tennessee, and Louisiana, producing 39 tons per day. It is among the Best Hydrogen Stocks.

While we acknowledge the potential of PLUG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None.