From Yahoo Finance: 2025-05-10 17:50:00

U.S.-based Plug Power Inc. will use BASF’s purification solutions in its Hydrogen liquefaction plants. The collaboration will focus on plants with capacities of 30, 60, and 90 tons per day. BASF’s Senior Vice President Detlef Ruff expressed pride in earning approval from other leaders in the green hydrogen sector. Plug Power’s Vice President Daniel Kennedy believes the partnership will enhance the economic viability of liquid hydrogen plants.

Plug Power recently secured a $525 million debt facility deal with Yorkville Advisors. The company also launched a Hydrogen liquefaction facility in Louisiana capable of liquifying over 15 metric tons of Hydrogen daily. Plug Power’s Q4 earnings revealed a revenue of $191.5 million, falling short of analyst estimates, with a gross margin loss of 122%.



Read more at Yahoo Finance: Will Use German Company’s Purification Tech To Liquify Hydrogen