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Is Green Hydrogen The Fuel Of The Future? This CEO Is Betting On It

Alan Ohnsman of Forbes writes about Plug Power, which is ramping up green hydrogen production.

The C3 Take
  • Plug Power, who has historically been a purchaser of green hydrogen, is looking to become a seller of the clean fuel.
  • The company is scaling up the production of green hydrogen which it will then sell to companies such as Microsoft, Amazon, and Walmart.
  • Plug Power expects its sales to reach $20 billion by 2030 with daily hydrogen fuel production reaching 500 tons in 2025.

“Amazon plans to purchase over 10,000 tons of it a year in a deal worth up to $2.1 billion and Plug Power will also provide Walmart with enough fuel for 9,500 warehouse fuel cell forklifts. The company is also preparing to sell electrolyzers to customers including New Fortress Energy, billionaire investor and Milwaukee Bucks owner Wes Edens’ energy venture, for an industrial-scale hydrogen plant in Beaumont, Texas.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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