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Plug Power Selected by Carlton Power for 55 MW GenEco Electrolyzer Deployment Across Three Green Hydrogen Projects in the United Kingdom

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Plug Power (NASDAQ: PLUG) was selected to supply and service 55 MW of GenEco PEM electrolyzers across three UK green hydrogen projects developed by Carlton Power: 30 MW at Barrow-in-Furness, 15 MW at Trafford, and 10 MW at Langage.

All projects are backed by the UK government Hydrogen Business Model (HAR1). FID timing: Barrow and Trafford expected before end-2025; Langage expected Q1 2026. Barrow will include a secured offtake with Kimberly-Clark. Projects aim to begin operations in 2027 and support industrial decarbonization and regional hydrogen infrastructure.

Plug Power (NASDAQ: PLUG) è stato selezionato per fornire e servire 55 MW di elettrolizzatori GenEco PEM in tre progetti di idrogeno verde nel Regno Unito sviluppati da Carlton Power: 30 MW a Barrow-in-Furness, 15 MW a Trafford e 10 MW a Langage.

Tutti i progetti sono sostenuti dal Hydrogen Business Model del governo britannico (HAR1). Tempi di FID: Barrow e Trafford previsti entro la fine del 2025; Langage previsto nel Q1 2026. Barrow includerà un'obbligazione di acquisto sicura con Kimberly-Clark. I progetti mirano a iniziare le operazioni nel 2027 e a supportare la decarbonizzazione industriale e l'infrastruttura regionale dell'idrogeno.

Plug Power (NASDAQ: PLUG) fue seleccionado para suministrar y atender 55 MW de electrolizadores GenEco PEM en tres proyectos de hidrógeno verde en el Reino Unido desarrollados por Carlton Power: 30 MW en Barrow-in-Furness, 15 MW en Trafford y 10 MW en Langage.

Todos los proyectos cuentan con el respaldo del Hydrogen Business Model (HAR1) del gobierno del Reino Unido. Cronograma de FID: Barrow y Trafford se esperan para antes de finales de 2025; Langage se espera en el primer trimestre de 2026. Barrow incluirá un compromiso de compra asegurado con Kimberly-Clark. Los proyectos buscan iniciar operaciones en 2027 y apoyar la descarbonización industrial y la infraestructura regional de hidrógeno.

Plug Power (NASDAQ: PLUG)가 Carlton Power가 개발한 영국의 세 개의 그린 수소 프로젝트에 걸쳐 55 MW의 GenEco PEM 전해소를 공급 및 서비스하기로 선정되었습니다: Barrow-in-Furness에서 30 MW, Trafford에서 15 MW, Langage에서 10 MW.

모든 프로젝트는 영국 정부의 Hydrogen Business Model(HAR1)을 지원받습니다. FID 일정: Barrow와 Trafford는 2025년 말 이전에 예정되어 있으며, Langage는 2026년 1분기에 예정되어 있습니다. Barrow는 Kimberly-Clark과의 확보된 수익계약을 포함합니다. 프로젝트의 운영 시작은 2027년를 목표로 하며 산업 탈탄소화와 지역 수소 인프라를 지원합니다.

Plug Power (NASDAQ: PLUG) a été sélectionné pour fournir et entretenir 55 MW d'électrolyseurs GenEco PEM dans trois projets britanniques de hydrogène vert développés par Carlton Power : 30 MW à Barrow-in-Furness, 15 MW à Trafford et 10 MW à Langage.

Tous les projets bénéficient du Hydrogen Business Model (HAR1) du gouvernement britannique. Planning FID : Barrow et Trafford prévus avant la fin de 2025 ; Langage prévu au premier trimestre 2026. Barrow inclura un accord d'achat sécurisé avec Kimberly-Clark. Les projets visent à démarrer leurs activités en 2027 et à soutenir la décarbonisation industrielle et l'infrastructure régionale de l'hydrogène.

Plug Power (NASDAQ: PLUG) wurde ausgewählt, 55 MW GenEco PEM-Elektrolyseuren über drei grüne Wasserstoffprojekte im Vereinigten Königreich zu liefern und zu warten, die von Carlton Power entwickelt wurden: 30 MW in Barrow-in-Furness, 15 MW in Trafford und 10 MW in Langage.

Alle Projekte werden vom britischen Hydrogen Business Model (HAR1) unterstützt. FID-Timing: Barrow und Trafford voraussichtlich vor Ende 2025; Langage erwartet im Q1 2026. Barrow wird eine gesicherte Abnahmevereinbarung mit Kimberly-Clark umfassen. Die Projekte zielen darauf ab, den Betrieb im 2027 aufzunehmen und die industrielle Dekarbonisierung sowie die regionale Wasserstoffinfrastruktur zu unterstützen.

Plug Power (NASDAQ: PLUG) تم اختيارها لتزويد وخدمة 55 MW من المُحلِّلات GenEco PEM عبر ثلاثة مشاريع هيدروجين أخضر في المملكة المتحدة طورتها Carlton Power: 30 MW في Barrow-in-Furness، 15 MW في Trafford، و 10 MW في Langage.

جميع المشاريع مدعومة بإطار Hydrogen Business Model (HAR1) الحكومي البريطاني. توقيت FID: Barrow و Trafford متوقعان قبل نهاية 2025؛ Langage متوقع في الربع الأول من 2026. Barrow سيتضمن اتفاق شراء مؤمّن مع Kimberly-Clark. تهدف المشاريع إلى بدء التشغيل في 2027 ودعم إزالة الكربون الصناعي وبُنية تحتية للهيدروجين الإقليمية.

Positive
  • Total 55 MW electrolyzer supply across three UK projects
  • 30 MW Barrow project has a secured offtake with Kimberly-Clark
  • Projects backed by UK government HAR1 hydrogen business model
  • Target commercial operations for projects in 2027
  • Plug cites a $2 billion global electrolyzer opportunity pipeline in Europe and beyond
Negative
  • Award is subject to final investment decision (FID)
  • FID timing required: Barrow and Trafford by end-2025, Langage Q1 2026 (risk of delay)

Insights

Plug Power won a 55 MW equipment and LTSA award for three UK green hydrogen projects, backed by UK government support.

Plug Power will supply a total of 55 MW of GenEco PEM electrolyzers across three projects: 30 MW at Barrow-in-Furness, 15 MW at Trafford, and 10 MW at Langage. Two projects expect final investment decision by end of 2025 and one by Q1 2026, with operations targeted in 2027.

The business mechanism is direct equipment supply plus a long-term service agreement, creating repeatable revenue from hardware and services. The Barrow-in-Furness site has a secured offtake with Kimberly-Clark, which links installed capacity to contracted hydrogen demand and revenue visibility for that plant.

Key dependencies and risks include the stated condition of a final investment decision for each project and reliance on the UK Government Hydrogen Business Model (HAR1) for support. Project timelines and revenue recognition hinge on FID outcomes and commissioning by 2027.

Concrete items to watch: whether each project reaches FID by the announced milestones (two by end of 2025 and one by Q1 2026), progress toward commissioning in 2027, and any additional offtake agreements beyond the Kimberly-Clark contract. Monitor LTSA terms and service revenue recognition once projects enter operation within the stated timeframe.

UK government-backed production facilities, expected to be operational in 2027, will be the largest electrolyzer installation in the country and will supply green hydrogen to decarbonize local industrial operations

SLINGERLANDS, N.Y., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced it has been selected for an equipment supply and long-term service agreement (LTSA) totaling 55 MW for three green hydrogen projects being developed by Carlton Power in the United Kingdom. The award, subject to final investment decision (FID), includes 30 MW for the Barrow-in-Furness Hydrogen project in Cumbria, 15 MW for the Trafford Green Hydrogen project in Greater Manchester, and 10 MW for the Langage Green Hydrogen Project in Plymouth, marking the largest combined electrolyzer supply contract in the UK to date.

Developed by Carlton Power through its joint venture with Schroders Greencoat, the Barrow-in-Furness hydrogen project will feature six 5 MW Plug Power GenEco Proton Exchange Membrane (PEM) electrolyzers using renewable electricity to generate hydrogen. Under a secured offtake agreement with Kimberly-Clark, the 30 MW plant will supply green hydrogen to the company’s nearby manufacturing facility, significantly reducing carbon emissions across its operations.

Plug Power will also supply 15 MW of GenEco PEM electrolyzers for Carlton Power’s Trafford Green Hydrogen project, located within the Trafford Low Carbon Energy Park in Greater Manchester. Trafford Green is one of the UK’s flagship green hydrogen initiatives and is designed to support industrial and transportation decarbonization across the Manchester region. The project will utilize renewable and low-carbon electricity to produce green hydrogen for a variety of local end users—including manufacturing, heavy transport operators, and municipal fleets—and is expected to begin operations in 2027. Trafford Green forms a key part of Greater Manchester’s long-term net zero strategy.

The Langage Green Hydrogen project includes two 5 MW Plug Power GenEco PEM electrolyzers. As an industry-leading initiative, the facility will use renewable energy to produce green hydrogen fuel to decarbonize industrial facilities. As capacity of the plant is scaled and demand for hydrogen increases in other applications, the green hydrogen can be used as alternative fuel for commercial and passenger transport and heating networks.

All projects are backed by the UK Government’s Hydrogen Business Model (Hydrogen Allocation Round 1 – HAR1). FID for the Barrow-in-Furness Green Hydrogen project and Trafford Green Hydrogen project is expected before the end of 2025, while FID for the Langage Green Hydrogen project is expected in the first quarter of 2026. Once operational, the Barrow-in-Furness project will be a major driver of the hydrogen economy in Northwest England, while the Trafford Green and Langage Green developments will strengthen the UK’s regional hydrogen infrastructure by enabling multi-sector adoption and supporting a diverse network of hydrogen users. Together, the three projects serve as blueprints for industrial decarbonization and energy security, furthering the UK’s low-carbon hydrogen ambitions.

“These projects underscore Plug Power’s growing leadership in the European hydrogen market and our ability to deliver scalable, reliable electrolyzers for industrial applications,” said Jose Luis Crespo, President and Chief Revenue Officer of Plug Power. “Through trusted partnerships and government-backed initiatives like HAR1, we’re accelerating the adoption of green hydrogen to help major manufacturers achieve their decarbonization goals.”

“This collaboration with Plug Power is a cornerstone of our strategy to deliver reliable, renewable power for UK manufacturers,” said Eric Adams, Hydrogen Director at Carlton Power. “Partnering with Plug Power ensures we’re combining proven technology with long-term investment and operational expertise. We're developing projects that sets a new standard for scale, performance, and sustainability in green hydrogen production, and furthering the UK’s industrial decarbonization.”

Plug Power brings proven expertise in large-scale hydrogen production, operating the largest electrolytic liquid hydrogen plant in the United States, with additional facilities in Tennessee and Louisiana. Its GenEco electrolyzers deliver industry-leading efficiency and reliability, supported by long-term service solutions that ensure optimal performance and reduced lifecycle costs.

Europe remains one of Plug Power’s most strategic growth markets. The company is advancing multi-gigawatt electrolyzer projects in Spain, the UK, and beyond, supported by a $2 billion global opportunity pipeline. The Barrow-in-Furness and Trafford projects underscores Plug Power’s expanding role as a trusted industrial solutions provider, helping make green hydrogen cost-effective and accessible for industrial, utility, and infrastructure customers worldwide.

About Plug Power
Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications, and energy producers—advancing energy independence and decarbonization at scale.

With electrolyzers deployed across five continents, Plug leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 72,000 fuel cell systems and 275 fueling stations and is the largest user of liquid hydrogen. Plug is rapidly expanding its generation network to ensure reliable, domestically produced supply, with hydrogen plants currently operational in Georgia, Tennessee, and Louisiana, capable of producing 40 tons per day.
With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP.
For more information, visit www.plugpower.com.

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’s ability to build and deploy the next generation of industrial energy solutions and meet the demand for clean hydrogen produced by PEM technology; continued or anticipated successful deployment of large-scale electrolyzer projects; electrolyzer projects generally reaching final investment decisions and the Carlton Power projects specifically reaching final investment decision; the Carlton Power projects beginning operations in 2027; advancement of multi-gigawatt electrolyzer deployments in Europe; the success of using renewable energy to produce green hydrogen fuel to decarbonize industrial facilities; solidification of Plug’s leadership position in delivering modular, high-performance hydrogen systems and in the European hydrogen market generally; Plug’s ability to deliver scalable, reliable electrolyzers for industrial applications; and Plug’s success as a trusted industrial solutions provider and ability to make green hydrogen cost-effective and accessible for industrial, utility, and infrastructure customers. 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, 2024 and Plug’s Quarterly Report on Form 10-Q for the quarter ended October 31, 2025 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 CONTACT
Teal Hoyos
media@plugpower.com


FAQ

What size of electrolyzer contract did Plug Power (PLUG) win in the UK on Nov 17, 2025?

Plug Power was selected to supply and service 55 MW of GenEco PEM electrolyzers across three UK projects.

Which projects and capacities are included in Plug Power's 55 MW UK award (PLUG)?

The award covers 30 MW at Barrow-in-Furness, 15 MW at Trafford, and 10 MW at Langage.

When are the Plug Power (PLUG) UK projects expected to reach final investment decision and operations?

FID is expected for Barrow and Trafford by end-2025 and for Langage in Q1 2026; operations are targeted in 2027.

Does the Barrow-in-Furness project have an offtake agreement in Plug Power's (PLUG) deal?

Yes; the 30 MW Barrow project has a secured offtake agreement with Kimberly-Clark.

Are Plug Power's (PLUG) UK projects government-supported?

Yes; all three projects are backed by the UK government Hydrogen Business Model (HAR1).

How do these UK awards affect Plug Power's (PLUG) European strategy?

The projects expand Plug Power’s role in Europe and align with its stated $2 billion global electrolyzer opportunity pipeline.
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