Plug walks away from FFI’s Gladstone gigafactory
Australian developer will manufacture in-house technology instead, as Plug argues it can get better value elsewhere
US green hydrogen technology firm Plug Power has confirmed it will no longer partner with Australia’s Fortescue Future Industries (FFI) on its 2GW/yr electrolyser manufacturing facility in Gladstone. “We decided we did not want to build a factory with them because we saw the economics; we could do better,” Plug CEO Andy Marsh explained on a recent analyst call. “So we really did not think that was worthwhile to move ahead.” FFI CEO Mark Hutchinson argues the firm has been developing its own proton-exchange-membrane (PEM) and alkaline electrolyser technology and is well-positioned to take the Gladstone facility forward on its own. “Plug Power is very much locked into a certain technology and
Also in this section
22 October 2024
Hydrogen is making inroads as a fuel for power plants as governments seek clean fuels to back up intermittent wind and solar
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
18 October 2024
Project in northeast of country set to start up in 2025 as developer signs technology deal with Icelandic firm Carbon Recycling International
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit