From Yahoo Finance: 2025-06-18 14:28:00

Plug Power Inc. and Allied Green Ammonia sign a new 2 GW electrolyzer agreement for a $5.5 billion green chemical manufacturing facility in Uzbekistan. The project aims to create green diesel, green urea, and sustainable aviation fuel, supported by the government of Uzbekistan. The partnership now totals 5 GW internationally.

Plug Power Inc. CEO Andy Marsh emphasizes the importance of cross-continental, industrial-scale execution in their expansion. Allied Green CEO Alfred Benedict highlights the trust in Plug Power’s hydrogen technology. The firm’s hydrogen ecosystem spans five continents, supporting industrial and energy transition needs with production, storage, and transport capabilities.

While Plug Power is lauded as a top supplier of electrolyzers for decarbonization, some believe other AI stocks offer greater upside potential. A free report suggests exploring undervalued AI stocks with significant benefits from Trump-era tariffs and the onshoring trend. For more investment opportunities, check out high-growth EV and car stocks.

Disclosure: None.

Read more: Plug Power and Allied Green Deepen Their Strategic Partnership With The Electrolyzer Contract.