Plug Power, Inc. (NASDAQ:PLUG) on Friday disclosed the completion of 100 MW of PEM GenEco electrolyzer installations at Galp’s Sines Refinery.
This marks a key milestone in one of Europe’s largest renewable hydrogen projects.
Details
The hydrogen and fuel cell company says that since the project’s launch in October 2025 with the first 10 MW GenEco module, all ten arrays totaling 100 MW have now been delivered and installed at the refinery.
Commissioning is set to begin soon, and once operational, the system is expected to generate up to 15,000 tons of renewable hydrogen annually, offsetting about 20% of the refinery’s grey hydrogen use and cutting greenhouse gas emissions by 110,000 tons CO₂e per year (Scope 1 and 2).
Notably, Plug’s GenEco electrolyzers leverage a global supply chain, combining U.S. and European-manufactured components with scalable PEM technology.
The Sines initiative is part of Plug’s broader European expansion, including multi-gigawatt deployments across Spain, the U.K., and beyond, supported by a $2 billion global pipeline.
Management Commentary
Benjamin Haycraft, Chief Strategy Officer at Plug, said, “We continue to invest across the region to support large-scale decarbonization, and this milestone demonstrates our ability to deliver real infrastructure that advances Europe’s energy transition and strengthens long-term energy resilience.”
Walmart Deal
This month, in a recent SEC filing, the company said it entered into an agreement with retailer Walmart Inc. (NASDAQ:WMT) to give it a contingent, limited-use license to access and use certain escrowed GenKey System-related materials.
PLUG Price Action: Plug Power shares were up 3.47% at $2.68 during premarket trading on Friday, according to Benzinga Pro data.
Photo via Shutterstock
