Johnson Matthey and Plug Power enter strategic partnership

The firms plan to co-invest in a 5GW catalyst-coated membrane gigafactory in the US as part of wide-ranging agreement

UK-based technology company Johnson Matthey has signed a strategic partnership agreement with US hydrogen and fuel-cell firm Plug Power to help meet growing demand for fuel cells and electrolysers. As part of this agreement, Johnson Matthey will supply Plug with membrane electrode assembly components, such as catalysts, membranes and catalyst-coated membranes (CCMs). The firms will co-invest in a CCM factory in the US, which at an initial 5GW and scaling to 10GW will be the largest such facility in the world. The factory is expected to start operations from 2025. Johnson Matthey and Plug aim to use incentives from Inflation Reduction Act in the US and RepowerEU in Europe to push for exponent