en.Wedoany.com Reported - The American fuel cell and hydrogen company Plug Power recently secured a contract to supply a 275 MW PEM electrolyzer system for Hy2gen's Courant project in Baie-Comeau, Quebec, Canada.

Plug Power stated that this order is one of the largest electrolyzer contracts in the company's history, highlighting the crucial role of PEM technology in industrial decarbonization. Plug's President and CEO, Jose Luis Crespo, said, "Being selected as the electrolyzer supplier for the Hy2gen Courant project underscores Plug's capability to support large-scale hydrogen and hydrogen-derived products." He added that this is made possible by the company's advanced gigafactory facilities.

The electrolyzer system will utilize power from the Hydro-Québec grid to produce low-carbon ammonia, which will then be processed into renewable ammonium nitrate for use in explosive production in the mining industry. The Courant project leverages Canada's hydropower resources, existing industrial infrastructure, and deep-sea port advantages.

Hy2gen CEO Cyril Dufau-Sansot noted, "This collaboration combines Hy2gen's project development expertise with Plug's electrolyzer technology to realize a green chemistry project producing low-carbon ammonium nitrate for the Canadian mining industry." This partnership builds on the two companies' previous collaboration on European projects, jointly advancing global large-scale hydrogen energy project implementation.

Plug Power operates production facilities for electrolyzers, fuel cells, and refueling infrastructure globally, supplying products to companies such as Walmart, Amazon, Home Depot, and BMW. Through the Courant project, the company further demonstrates its delivery capabilities in the field of industrial decarbonization.

In terms of capital markets, Plug Power's stock has shown strong performance recently. Over the past week, the stock price rose 11.7% to 2.10 euros, making it one of the best-performing stocks in the RENIXX index. On April 7th, the stock price briefly hit an annual high of 2.3375 euros, closing at 2.15 euros.

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