Plug Power acquires Frames Group to boost capabilities and deepen its presence in Europe

Plug Power acquires Frames Group to boost capabilities and deepen its presence in Europe Fuel Cells
Plug Power has signed a definitive agreement to acquire Frames Group. Headquartered in the Netherlands, Frames has about 300 employees located largely in Europe and India.

With over 35 years of experience, Frames designs, builds, and delivers processing equipment, separation technologies, flow control and safeguarding systems, for water and renewable energy solutions.

Plug Power is building a hydrogen ecosystem by systematically adding complementary strengths and capabilities through key acquisitions, joint ventures, and other partnerships. The Frames acquisition will support the company’s goal to reach an installed electrolyzer capacity of three gigawatts by 2025. Plug Power will combine its stack technology with Frames’s systems integration capabilities to deliver a range of turnkey electrolyzer solutions from one megawatt (MW) containers to 1,000 MW standalone plants.

European market

With Frames’ long-standing roots in Europe, supported by an extensive European customer base, supply chain and manufacturing capabilities, New York-based Plug Power continues to build out and deepen its European presence. Through the Frames acquisition, organic growth, and partnerships, Plug Power will now have 200 employees in Europe. Set to open its new European headquarters in North Rhine-Westphalia, Germany, in early 2022, Plug has also invested in a manufacturing facility, service center, and a green hydrogen fund in Europe.

HTW Editorial Team

HTW Editorial Team

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