Plant Engineering Plug Power Partners with Atlas Copco, Fives to Establish Hydrogen Liquefaction Plants
Under a collaboration agreement signed between Plug Power, Atlas Copco and Fives, new hydrogen liquefaction plants will be developed in the USA which will also make use of the cryogenic process technology to reduce the cost of liquified hydrogen by 25 %.
Latham/USA – Plug Power has signed a collaboration agreement with Atlas Copco Mafi-Trench Company and Fives, a global leader in brazed heat exchangers and cryogenic cold boxes, to jointly develop hydrogen liquefaction plants (also known as hydrogen liquefiers). Liquifying hydrogen makes it easier to transport, leading to significant cost savings and broader distribution coverage.
The collaboration announcement closely follows Plug Power’s acquisition last month of Joule Processing, a process solution and engineered equipment provider with a strong track record of execution among the largest EPC (Engineering, Procurement and Construction) and oil and gas midstream companies. The proven cryogenic process technology that Joule developed for the gas processing industry is directly applicable to hydrogen liquefaction and has the potential to reduce the cost of liquified hydrogen by 25 %.
Joule’s liquefaction process is being deployed in Plug Power’s green hydrogen plant under development in Texas, USA. “Plug Power manufactures the best electrolyzer solution in the world today,” said Andy Marsh, CEO of Plug Power. “And, we have the complete delivery network in place. The liquefier system is key to offering hydrogen in liquid form, which is ideal because of its superior energy density versus gaseous hydrogen, lower transportation cost and potential for powering trains, ships and airplanes. Joule’s capabilities complete this end-to-end green hydrogen solution for Plug Power, making us the only company in the world with such comprehensive offerings.”
Ben Victor, former CEO of Joule Processing and current Vice President of Hydrogen Energy Solutions for Plug Power said, “We are now positioned with a large platform to deploy our low energy hydrogen liquefaction solution on a global scale, for both our internal projects and sales to third parties.”
Through this long-term cooperation, Plug Power, Atlas Copco Gas and Process and Fives will address some of the biggest needs facing the liquid hydrogen production industry, such as improving the efficiency, cost and lead time of hydrogen liquefiers.
The parties have already undertaken significant development efforts and Plug Power expects to commission hydrogen liquefier trains with 15 ton per day and 30 ton per day capacities starting in 2023. Plug Power’s growing national network of hydrogen plants will supply 500 tons per day of liquid green hydrogen by 2025 and 1,000 tons per day globally by 2028 - presenting a significant opportunity for the partners to drive scale and standardization in hydrogen liquefiers.
“Atlas Copco Gas and Process and Fives bring core expertise that complements Plug Power’s capabilities and vision to be a total end-to-end solution for the green hydrogen economy,” said Sanjay Shrestha, Chief Strategy Officer of Plug Power. “Liquefaction capabilities were the last major element we needed to complete our turnkey product suite for delivering green hydrogen plants globally.”
Under the agreement, Plug Power will design, manufacture, install, operate and maintain hydrogen liquefiers for its own use and for third parties. Atlas Copco Gas and Process will design and manufacture custom turboexpanders and compressors related to the hydrogen liquefaction plants. Fives will manufacture the brazed aluminum heat exchangers and optimize their integration in cold boxes.