Plug Power Inc, the 19B market cap hydrogen economy company, joined Acciona Energa to launch AccionaPlug. The new venture aims to deliver 100 Tons of green hydrogen per day in Spain and Portugal. Additional to production AccionaPlug will store, transport and deliver hydrogen. The production will start in 2023 and the target output should be reached by 2030.
Plug Power will provide the hydrogen production with PEM electrolyzer technology while ACCIONA Energía’s will use it’s extensive distribution network in Spain and Portugal. Interesting to note that ACCIONA Energía is the largest 100% renewable energy company with no fossil fuel legacy.
Photo: John Englart https://www.flickr.com/photos/takver/35543488404 (CC BY-SA 2.0)
There are some interesting points in this clause but I dont know if I see all of them eye to heart. There is some validity but I will take hold legal opinion until I look into it further. Good clause, thanks and we want more! Added to FeedBurner as well.