Plug Signs BEDP contract for a 500 MW electrolyser in Europe

Plug Power Inc. has signed a contract to deliver a Basic Engineering and Design Package (BEDP) for a 500 MW electrolyser project in Europe. The contract increases Plug’s total amount of BEDP contracts to 4.1 GW.

Plug started offering a BEDP to the market in 2022. The BEDP provides the engineering and plant integration details to allow a full plant FEED study to proceed purposefully and efficiently to understand, in detail, the capital and operating expenditures associated with running a potential plant. The BEDP approach enables Plug’s customers to seamlessly integrate the electrolyser package into the project’s broader engineering and construction plan. Customers also benefit from Plug’s experiences building its own plants and sharing lessons learned as the only electrolyser OEM supplier building green hydrogen plants.

“Plug’s ability to secure BEDP contracts totaling 4.1 GW demonstrates that this approach is relevant to the market,” said Andy Marsh, CEO of Plug. “Moreover, Plug’s conversion rate after providing a BEDP is high. We have already been awarded 1.1G W worth of electrolyser supply, subject to positive FID, and 100 MW are in execution for Galp, an oil and gas company in southern Europe.”

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/05022024/plug-signs-bedp-contract-for-a-500-mw-electrolyser-in-europe/