Plug signs Basic Engineering and Design Package (BEDP) contract for a 500 MW electrolyzer in Europe

Plug Power has signed a contract to deliver a Basic Engineering and Design Package (BEDP) for a 500 MW electrolyzer project in Europe. The contract, signed on 29 January 2024, increases Plug’s total amount of BEDP contracts to 4.1 GW. Plug started offering BEDPs to the market in 2022.

The BEDP provides the engineering and plant integration details to allow a full plant front-end engineering design (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 electrolyzer 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 electrolyzer OEM supplier building green hydrogen plants. Plug commissioned the largest 15 TPD electrolytic liquid hydrogen production plant, and largest PEM electrolyzer deployment operating in the U.S., in January 2024.

“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 1.1 GW worth of electrolyzer supply, subject to positive FID, and 100 MW are in execution for Galp, an oil & gas company in southern Europe.”

HTW Editorial Team

HTW Editorial Team

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