News Formal

Plug Power to build up to six new hydrogen plants for EV industry, after getting US$1.66-billion loan guarantee

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Energy Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The hydrogen fuel from the plants is expected to power fuel cell-electric vehicles used in material handling, transportation, and heavy industry

The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66-billion to Plug Power Inc, the department’s office of loan programs said.

The administration of President Joe Biden believes that low-carbon hydrogen can fight climate change by fueling heavy industry such as aluminum, cement and steel and long-haul transportation. The clean hydrogen plants will use Plug Power’s technology – called electrolyzer stacks – manufactured at the company’s factory in Rochester, New York. Plug Power is one of the top U.S. commercial-scale manufacturers of electrolyzers.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Trump poised to clinch US$1.- billion social media company stock awardBonus is equivalent to about half the majority stake he already owns in it
La source: globeandmail - 🏆 5. / 92 Lire la suite »