en.Wedoany.com Reported - Plug Power Inc. has announced an investment tax credit (ITC) monetization transaction, selling the federal ITC associated with its hydrogen liquefaction facility in St. Gabriel, Louisiana, to a third-party investor. This marks the company's second such move, following the transfer of a $30 million ITC for its Woodbine, Georgia, hydrogen facility in January 2025. Under current U.S. federal clean energy tax credit regulations, the hydrogen liquefaction and storage assets at the St. Gabriel facility qualify for the ITC, which can be transferred to third-party investors.

Commissioned in April 2025, the St. Gabriel facility is one of the largest hydrogen liquefaction plants in North America. Capable of liquefying up to 15 tons of hydrogen per day, it plays a key role in Plug's expanding domestic hydrogen production platform. CEO Jose Luis Crespo stated that this move demonstrates the company's ability to leverage strategic infrastructure investments to enhance financial flexibility while continuing to build a vertically integrated hydrogen network in the U.S. CFO Paul Middleton noted that the transaction supports the company's disciplined financial strategy and reinforces the value of Plug's integrated hydrogen infrastructure platform.

Plug's hydrogen production network currently includes operational facilities in Georgia, Tennessee, and Louisiana, with the entire platform having a liquid hydrogen production capacity of approximately 40 tons per day.

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