Plug Power Expands Global Hydrogen Footprint With 5 GW Electrolyzer Projects

Lekha Gupta

October 30, 2025

Plug Power Inc. (NASDAQ:PLUG) shares are trading lower on Thursday. The company disclosed a binding supply deal with Allied Biofuels FE LLC (ABF) for up to 2 GW of its GenEco PEM electrolyzer systems.

Plug's technology will power ABF's flagship SAF and eSAF facility in Uzbekistan.

Following the earlier 3 GW collaboration with Allied Green Ammonia (AGA) in Australia, this new agreement with ABF raises Plug's total contracted electrolyzer capacity with Allied partners to 5 GW across two major projects.

Also Read: ‘I Still Can’t Believe It’s Around’: Cramer Rips Plug Power

The deal will support ABF's production of sustainable aviation fuel (SAF), electro-SAF (eSAF), and green diesel, with a final investment decision expected in the fourth quarter of 2026.

The agreement marks one of the largest electrolyzer supply deals of 2025 and underscores the expansion of large-scale renewable fuel production across Central Asia.

Recent Key Events

Recently, the company announced a warrant inducement agreement to raise $370 million through a deal priced at $2.00 per share, which sparked significant investor concern over shareholder dilution and overshadowed several positive operational developments.

Also, Plug announced the successful first delivery of hydrogen to Germany's H2CAST project, a critical step in its European expansion.

Price Action: PLUG shares are down 3.08% at $2.675 at the last check on Thursday.

Read Next:

Benzinga Bulls And Bears: Beyond Meat, Intel, Newmont -- And Inflation Numbers Boost Rate Cut Hopes

Image via Shutterstock

Recommended

The New Gold Trade Dominating in Wall Street - Ad

Seven AI Unicorns. One Investment. - Ad

The Tesla Shock Nobody Sees Coming - Ad

Marjorie Taylor Greene discloses buying more stocks in October. Here's a look at what she added to her portfolio.

Five 2026 vehicles you should absolutely wait for

Don’t buy that new car yet. If you can wait, you’ll have new 2026 model year options that aren’t out yet. Although some models barely change, others are completely redesigned and often get the latest features and improvements. Whether you’re interested in improved fuel economy, cutting-edge technology, or maybe just fresh and distinctive styling, there’s likely a car on the horizon that you’ll be interested in. To ensure you don’t miss out on the latest and greatest, the car experts at Edmunds highlight five vehicles you should consider waiting for.

Tap Into the "Future of America"

Tap Into the "Future of America" - Ad

This Wall Street legend is stepping forward with a new bold claim... And an incredible opportunity to tap directly into an energy source that's being called the "Future of America." This strategy returned 10x the oil market in March, and Larry has found examples of this strategy returning 54%, 65%, and 176% since.

Trump Defends Missile Strike On 'Drug-Carrying' Submarine Amid Human Rights Outcry

Trump defends strike on drug sub, says it targeted fentanyl-laden vessel heading to US. Two survivors were rescued.

Warren Buffett's Berkshire Hathaway Bets Big On Consumer Brands Amid Economic Shifts

Warren Buffett and his successor Greg Abel have been directing Berkshire Hathaway towards consumer-centric investments throughout 2025.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Move Over, Musk—The World's Richest Woman Joined the $100B Club

Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman in the world worth more than $100 billion.

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

WASHINGTON (AP) — President Donald Trump pulled out of trade talks with Canada Thursday night, furious over what he called a “fake’’ television ad from Ontario’s provincial government that quoted former U.S. President Ronald Reagan from 38 years ago criticizing tariffs -- Trump’s favorite economic tool.

Will the "Mar-A-Lago Accord" Cause the Biggest Gold Bull Run in History?

Will the "Mar-A-Lago Accord" Cause the Biggest Gold Bull Run in History? - Ad

Gold could soon soar past $27,000 an ounce... as a strange new financial reset, being called "The Mar-a-Lago Accord" rolls out. It's causing insiders to make unprecedented moves... According to one top analyst, you must move YOUR money into his no. 1 gold stock, to secure your wealth and potentially reap massive profits in the process.

Nvidia, TSMC Unveil The First US-Made Blackwell Wafer, But Analyst Ming-Chi Kuo Flags This Overlooked Detail

Nvidia Corp (NASDAQ: NVDA) has introduced the first U.S.-made Blackwell wafer, a crucial component for AI chips, at Taiwan Semiconductor Manufacturing Co's (NYSE: TSM) facility in Phoenix.

Ford's enormous F-150 becomes unlikely part of Japan's efforts to woo Trump

TOKYO (AP) — Japan's most iconic truck might be the tiny white transport vehicles that farmers use to lug gear on the narrow roads that link their rice fields.

The $20 Move Giving You Exposure to 2 Ounces of Pure Gold (Worth About $8,000 Today)

The $20 Move Giving You Exposure to 2 Ounces of Pure Gold (Worth About $8,000 Today) - Ad

Ex-Goldman Sachs VP reveals a secret of the rich and connected that lets you tap into the upside of a huge amount of real, physical gold for just about twenty dollars at a time. He says the upside could be 1,000% in the coming future.

Eli Lilly's Oral Weight Loss Drug Shows Superiority Over Two Approved Drugs

Orforglipron meets key endpoints in Phase 3 trials, showing A1C reduction, weight loss, and cardiovascular benefits for type 2 diabetes.

After winning Trump's $20 billion, President Milei must win votes as Argentine industry reels

BUENOS AIRES, Argentina (AP) — The factory floor used to roar.

This Backdoor Energy Play Beat Gold by 15X

This Backdoor Energy Play Beat Gold by 15X - Ad

Gold has hit all-time highs, but one little-known energy play has seen 15x the return since the start of this year. It's all thanks to the incredible energy demands AI is putting on our country. It's a bull market hiding in plain sight, and 40-year Wall Street veteran Larry Benedict has found one company at the heart of it all.

China May Have Made A Breakthrough With Solid State Batteries Offering 600-Mile+ Range, Here's What You Should Know

Chinese researchers' share breakthrough in EV battery technology with solid-state batteries offering 600+ mile range and weighing 220 lbs.

Trump Warns Supreme Court Tariff Ruling Could 'Literally Destroy' The US: 'We'll Be Struggling For Years'

President Donald Trump warned that the U.S. economy would face significant challenges if the Supreme Court rules against the majority of the tariffs imposed this year.

World's Biggest Multibillionaire Investor Group Is Buying Gold by the Tons

World's Biggest Multibillionaire Investor Group Is Buying Gold by the Tons - Ad

Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying GOLD by the tons... Stacking it in their locked vaults on pallets in record numbers.

Weekend Round-Up: Crypto World Buzzes With Coinbase, Cathie Wood, Melania Trump And Bitcoin News

There was a whirlwind of activity in the cryptocurrency world this week. From optimistic predictions by Coinbase Global Inc. CEO Brian Armstrong to Cathie Wood's backing of a major Ethereum holder, the crypto market was abuzz with news.

Energy Fuels (UUUU) Stock Is Rising Tuesday: What's Fueling The Surge?

Energy Fuels shares are trading higher on Tuesday alongside Cameco Corp, which announced a strategic partnership with the U.S. government.

Why Are 21 Billionaires Moving Their Money ASAP?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Elon Musk's SpaceX Shakes Up Bitcoin Market With $133 Million Transfer

SpaceX, the space exploration company led by Elon Musk, has reportedly transferred over $133 million in Bitcoin (CRYPTO: BTC), causing a stir in the cryptocurrency market.

4 Republicans back Senate resolution to undo Trump's tariffs around the globe

WASHINGTON (AP) — The Senate passed a resolution Thursday that would undo many of President tariffs around the globe, the latest note of displeasure at his trade tactics in Washington that came just as the his negotiations with China as a success.

The New Gold Trade Dominating in Wall Street

The New Gold Trade Dominating in Wall Street - Ad

According to Dr. David Eifrig, the gold bull run is just getting started. He says you should move your money to his No. 1 gold stock immediately (not a miner or ETF but it has 1,000% upside potential.) Dr. Eifrig is no stranger to moments like this... As a former Goldman Sachs Vice President, he has traded profitably through just about every stock market situation, that's why his latest gold alert deserves your attention.

Elizabeth Warren And Adam Schiff Introduce Senate Resolution Condemning Trump's Pardon Of Changpeng Zhao

Senators Elizabeth Warren (D-Mass.) and Adam Schiff (D-CA) are introducing a Senate resolution condemning President Donald Trump‘s pardon of Binance (CRYPTO: BNB) founder

Why Is BTQ Technologies Stock Up Today?

Shares of BTQ Technologies Corp. (NASDAQ:BTQ) are rising Thursday after the company announced that it reached a significant technological milestone.

Seven AI Unicorns. One Investment.

Seven AI Unicorns. One Investment. - Ad

Discover the new standard for venture investing. Introducing The Standard Fund, seven sought-after pre-IPO AI companies packaged into a single institutional-grade fund.

State-run Pakistan International Airlines resumes UK flights after 5-year ban

ISLAMABAD (AP) — State-run Pakistan International Airlines resumed flights to the United Kingdom on Saturday for the first time in five years following the lifting of a ban imposed over a fake pilot license scandal.

Elon Musk Claps Back At Hefty Pay Critics: 'Which Of Those CEOs Would You Like To Run Tesla?' — Company Worth More Than All Other Automakers Combined

Elon Musk defends his position as Tesla CEO amid ISS opposition to his trillion-dollar pay package set for voting next month.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Why D-Wave Quantum (QBTS) Stock Is Getting Hammered Today

Shares of D-Wave Quantum are trading lower Wednesday afternoon, caught in a broader market downturn.

Donald Trump Faces 'No Kings Day' Protests As Millions March Nationwide, GOP Stays Silent Amid Authoritarianism Claims

Millions rallied nationwide against Trump, with top lawmakers supporting protests and condemning Trump's consolidation of power.

Tap Into the "Future of America"

Tap Into the "Future of America" - Ad

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

NEW YORK (AP) — It’s a tough time for the .

Trump's immigration crackdown weighs heavy on the US labor market

Maria worked cleaning schools in Florida for $13 an hour. Every two weeks, she’d get a $900 paycheck from her employer, a contractor. Not much — but enough to cover rent in the house that she and her 11-year-old son share with five families, plus electricity, a cellphone and groceries.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

BofA Turns More Bullish On RTX, Says Post-Merger Momentum Building Across Segments

BofA analyst boosted RTX's target to $215, highlighting strong Q3 results, a $72B backlog, and improving performance across all business segments.

Magnolia Oil & Gas Gets Upgrade On Strong Finances, Brighter Oil Outlook

KeyBanc raised Magnolia Oil & Gas to Overweight with a $29 target, citing a defensive profile and disciplined growth outlook.

Will the "Mar-A-Lago Accord" Cause the Biggest Gold Bull Run in History?

Will the "Mar-A-Lago Accord" Cause the Biggest Gold Bull Run in History? - Ad

Chinese leader Xi Jinping outlines 5-year plan at closed-door Communist Party meeting

BEIJING (AP) — Chinese leader Xi Jinping delivered a speech Monday on the opening day of of the ruling Communist Party to approve a draft plan laying out its goals for the country over the next five years.

Trending Now