Plug breaks ranks to offer spot deals
US green hydrogen producer Plug Power says its new spot price programme allows buyers to purchase on-demand and without the limitations of long-term agreements
US company Plug Power is to start offering liquid green hydrogen on a spot basis, rather than under long-term contracts, in a bold move that could help to spur the development of a traded commodity market for the energy vector. Under the new system—which Plug says is the first of its type—buyers are able to offtake supplies from any of Plug’s operating US plants at a weekly published spot price, derived from the company’s supply and demand in a given pricing week. Plug produces about 45t/d of liquid green hydrogen. “We believe this initiative will increase trust and transparency in the industrial hydrogen market" Marsh, Plug Power Participating buyers will have to sign a spo
Also in this section
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
9 December 2025
BP and Engie abandon large-scale green hydrogen projects in Gulf state as developers in all regions continue to struggle with lack of firm offtake
