Plug Power has expanded its partnership with Allied Green Ammonia (AGA) with a 2 GW electrolyser deal tied to a sustainable fuels project in Uzbekistan. The deal will be executed during the Tashkent International Investment Forum. Plug Power’s electrolyser technology has been selected as the foundation of a $5.5 billion green chemical production facility in Uzbekistan. The facility will produce sustainable aviation fuel, green urea, and green diesel, and is backed by the Government of Uzbekistan.
Furthermore, the Uzbekistan project builds on AGA’s previously announced 3 GW electrolyser commitment for its flagship green ammonia facility in Australia. The project is on track for a final investment decision in the fourth quarter of 2025.
Earlier in January 2025, Plug Power closed a $1.66 billion loan guarantee from the US Department of Energy’s Loan Programs Office. The loan guarantee will help finance the construction of up to six projects to produce and liquify zero- or low-carbon hydrogen at scale throughout US. These facilities will produce clean hydrogen by utilising the company’s electrolyser technology.
